On June 7, TAIF JSC and Yokogawa Electric CIS signed the Strategic Cooperation Agreement on the sidelines of the St. Petersburg International Economic Forum. The agreement was signed by Deputy Director General, Corporate Governance, Property and Investment, TAIF JSC, Chairman of the Board, Kazanorgsintez PJSC Ruslan Shigabutdinov and Director General of Yokogawa Electric CIS Vladimir Saveliev. The signing ceremony was attended by the President of Tatarstan Rustam Minnikhanov, Director General, TAIF JSC, Albert Shigabutdinov, and Takashi Nishijima, Chairman of Yokogawa Electric Corporation, Yokogawa Electric CIS’s parent company.
TAIF Group has initiated the implementation of many large-scale investment programs in the Russian oil refining, chemical, petrochemical and energy industries. To implement the projects of priority importance for the economy of the Republic of Tatarstan and the Russian Federation, TAIF Group's companies are actively introducing new technologies and innovative solutions, using the best engineering know-how, conducting large-scale modernization of the existing plants and performing an enormous volume of new construction. TAIF Group efficiently cooperates with many reputable foreign companies, seeks to strengthen ties with foreign partners, and actively expands its international cooperation network.
Within the framework of the 2030 Strategic Development Program, TAIF Group continuously monitors current global trends and new production technologies implemented in order to use them in ongoing projects, and searches for reliable strategic partners whose professionalism is in line with world standards.
Yokogawa Electric Corporation offers mutually beneficial conditions for collaboration, and delivers high quality and project support. Yokogawa Electric Corporation is one of the world’s largest developers and producers of products, systems, and solutions for measurement, industrial automation and control equipment, and has gained the trust of many customers around the world, including those in Russia and CIS countries.
Yokogawa Electric CIS will demonstrate to TAIF its best solutions in the field of implementation of the latest process control systems, simulator complexes, as well as advanced process control systems at the enterprises of TAIF Group. The document signed by the companies sets forth the main areas of cooperation and contains the prices of standard equipment produced by Yokogawa Electric Corporation, taking into account discounts provided to the companies of TAIF Group.
The signing of this Agreement was another step in the long-term mutually beneficial cooperation between TAIF and Yokogawa Electric CIS. The products of Yokogawa Electric Corporation are widely used by the companies of TAIF Group such as Nizhnekamskneftekhim PJSC, Kazanorgsintez PJSC, and TAIF-NK JSC.
TAIF is one of the major industrial and investment companies in Russia, which has significant assets and a strong production potential, flexible management and a high level of governance. TAIF Group consisting of 43 subsidiaries and affiliated companies operates in various fields with the following core business areas: oil and gas processing, petrochemicals and power engineering, telecommunications, construction industry, investment and services. All the businesses are closely interrelated in terms of economics, engineering, technology and management.
Press center of TAIF JSC
Acting Head, Press Center TAIF JSC
Yokogawa Electric CIS Ltd. is a subsidiary of Yokogawa Electric Corporation. For 25 years of activity, the company has established and successfully operates 7 branches, 3 subsidiaries, 16 technical centers, a Solution Center, Service and Training Centers. The company is a supplier of equipment and solutions for industrial enterprises of Russia and CIS countries, a contractor for automation in oil and gas projects, and cooperates with scientific and educational institutions. For more information about Yokogawa Electric CIS please visit www.yokogawa.ru.
Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains. The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability. Yokogawa co-innovates with its customers through a global network of 113 companies spanning 60 countries, generating US$3.6 billion in sales in FY2018.
Yokogawa Electric CIS Ltd.
Tel.: +7 (495) 737-78-68
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