On May, 21 on the results of the annual General Meetings of Shareholders of the TAIF Group, held in absentia, a wrap-up videoconference with the participation of the President of the Republic of Tatarstan Rustam Minnikhanov was held. The videoconference was attended by the management of TAIF JSC , Kazanorgsintez PJSC and Nizhnekamskneftekhim PJSC.

Information on the results of the Companies' activities for 2020, as well as for 3 months of 2021 and on the annual General Meetings of Shareholders was announced by the Chief Engineer of Kazanorgsintez PJSC Rafael A.Safarov and General Director of Nizhnekamskneftekhim PJSC Airat F. Safin

The results of the activities for 2020 and for 3 months of 2021 of the TAIF Group and TAIF JSC, as well as information on the annual General Meeting of Shareholders of TAIF JSC were presented by Director General of TAIF JSC Ruslan A. Shigabutdinov In his speech, he noted that 2020 has left a mark in history of TAIF Group as one of the most difficult and tough. The coronavirus pandemic has forced a radical change in the approach to the implementation of the activities of TAIF Group and to adapt to the current circumstances. "Despite the difficulties, TAIF Group did not stop their production activities even during the period of general lockdown, which made it possible to fulfill all social obligations to employees and partners. Thanks to the responsiveness, well-established business model and the accumulated safety margin, the TAIF Group companies managed to avoid catastrophic effects and fulfill all their commitments," Ruslan A.Shigabutdinov emphasized.

Following the results of familiarization with all the information provided, the President of the Republic of Tatarstan, Rustam Minnikhanov, positively assessed the results of the activities of TAIF Group companies for 2020.

According to him, despite the pandemic, companies have demonstrated good economic indicators.

"Many projects allow not only to increase production volumes, but also to get a higher quality of products," Rustam Minnikhanov said, "This also applies to the revamp of the production facilities of Kazanorgsintez PJSC , the creation of its own generating capacities. In general, all this provides considerable beneficial outcome. "

Besides, Rustam Minnikhanov pointed out that today it is of a great importance to know what high-tech margin projects can be implemented via advanced, digital technologies.

"In the modern context, it is important not just to be present on the market, but also to expand production facilities, to master the production of new items, to increase the wages of employees - all this is aimed at prosperity growth of our citizens, improving the quality of life in general, " Rustam Minnikhanov said. In conclusion of his speech, Rustam Minnikhanov thanked the management of TAIF Group, shareholders and employees for well-coordinated beneficial cooperation and a great contribution to the development of the economy of the Republic of Tatarstan and the Russian Federation. He assured that the Republic leadership, despite the difficulties caused by the coronavirus pandemic, will continue to support TAIF Group companies to ensure their stable and uninterrupted operation.

Thereafter a meeting of the Board of Directors of TAIF JSC was held, which was also attended by Rustam N. Minnikhanov. At the suggestion of the President of the Republic of Tatarstan, the Principal Development Adviser to Director General, TAIF JSC, Albert K. Shigabutdinov, was elected Chairman of the Board of Directors. First Deputy Director General of TAIF JSC Rustem Sulteev was elected Deputy Chairman of the Board of Directors. The powers of the Director General of TAIF JSC Ruslan A. Shigabutdinov were reaffirmed.

In conclusion of the videoconference, Director General of TAIF JSC Ruslan Shigabutdinov thanked the President of the Republic of Tatarstan Rustam Minnikhanov for the high trust, as well as for participating in the videoconference.

Reference information:

TAIF JSC is the parent company of the largest non-public Group of the Russian Federation. TAIF JSC was established in August 1995.

The Group operates in many areas, the key spheres are: oil and gas processing, chemistry and petrochemistry, energy and investment activities. TAIF Group's chemical and petrochemical companies produce 581 products, the major share of which falls on synthetic rubbers, various grades and types of polyethylene, polypropylene, polycarbonate and styrene plastics.

Following the results of 2020, the share of TAIF Group in the total production of the Russian Federation was as follows: rubbers 64%, plastics 28%, while the TAIF Group is the only manufacturer of polycarbonates, EVA and of number of other in-demand polymer products in Russia. The total number of employees of TAIF Group is 36 thousand people.

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