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Nizhnekamskneftekhim

April 7, 2004

Company’s Management quite satisfied with results of 1st quarter 2004

The current year first quarter displayed high results: production plan from the beginning of the year was fulfilled by 101.2%. Commodity output exceeded the figure of the last year similar period in comparable prices by 5.3%, in established prices product output grew by 8.88%.

Total output for SKI-3 rubber compared to the same last year period mounted to 120.7%, butyl rubber –111%. Synthetic Rubber Plant coped with a three months plan for EPDM output having done it by 102.9%. Liquefied gases processing plan was fulfilled by 117%.

Ethylene Plant faced hard situation in being supplied with required quality feedstock. That is why the ethylene plan turned out to be lower than the last year's level – 97.9%. Nevertheless, all ethylene-consuming production facilities completed the first quarter with good figures. Styrene output totaled 103.4% to the level of the last year same period, propylene oxide – 104.6%, polyethers – 105.2%, MEG – 109.2%, ethylene oxide – 99.3%, ethyl cellosolve –97%. The highest growth occurred at Oligomer Plant: for trimers – 131.6%, neonols – 130.9%, polyethers 133.5%, alpha-olefins – 93.8%.

An output product range was noticeably extended due to implementation of new production units. There were successfully commercialized such products like polystyrene, which plan was fulfilled by 105.6%, synthetic butadiene rubber – by 80%. Foreign partners made fairly good comments on a new generation rubber, neodymium PBR, which well surpasses similar domestic types of rubber in quality and consumer properties.

Press Service NKNK Inc

 

 

 

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