The regular meeting of OJSC “Kazanorgsintez” Board of Directors was held

The regular meeting of OJSC “Kazanorgsintez” Board of Directors was held on November 27, 2006 under the chairmanship of Albert Shigaboutdinov, PSC “TAIF” General director.

The Board of Directors discussed the realization of current program of company’s strategic development for the period till 2008. Besides, the information on preparations made for the realization of the second stage of “Kazanorgsintez” development program for 2008-2012 was brought to the attention of the Board.

The Board of Directors also acknowledged and gave consideration to the preliminary results of performance of capital investments program and financing of capital investments of OJSC “Kazanorgsintez” for 9 months period of the current year.

The Board of Directors members paid attention to the results of finance and industrial activity of OJSC “Kazanorgsintez” for the 3rd quarter and 9 months period of the year under report and discussed the project of production program for 2007. The projects of finance plan and capital construction plan for 2007 were also discussed by the members of the Board. In conducting the meeting the special attention was given to the raw materials issue and the long-term perspective of this question.

The Board approved the marketing plan of the Company. Additionally, the meeting approved the decision on establishment of the standing committees under the Board of Directors of OJSC “Kazanorgsintez”, namely, the committee for audit and the committee for personnel and reward. The regulations on committees that were given on approval were officially approved. The committee for audit is represented by following members: R. Gaizatullin, G. Safina, and S. Alekseev. The committee for personnel and reward would be represented by L. Aleokhin, R. Sulteev, R. Sabirov, A. Sarkin.

The next Board of Directors of OJSC «Kazanorgsintez» is scheduled for December 25, 2006.



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