Today, Minister Karimov took part in the annual General Shareholders Meeting of Kazanorgsintez dedicated to the results of 2018. The meeting was chaired by Tatarstan President Rustam Minnikhanov.
Director General Farid Minigulov reported on the company's activities in the past year. In 2018, Kazanorgsintez achieved a significant success in financial performance. Last year, revenues from marketable product sales exceeded RUB 79 billion, which is 9.7% higher than in 2017. The increase in revenues was largely due to the pricing situation on the market of polyethylene and polycarbonates.
The main sales market for Kazanorgsintez products is the domestic market accounting for 82% of revenues. In 2018, the company's products were delivered to 32 countries, the main buyers being companies from Kazakhstan, Ukraine, Belarus, China, Singapore, Lithuania, Serbia, and Uzbekistan.
Kazanorgsintez (part of the TAIF Group) is one of the Russia’s largest enterprises. It produces 40% of all Russian polyethylene and 100% of domestic polycarbonate. Its product portfolio includes polyethylene, bisphenol A, polycarbonate, and polyethylene pipes. The aggregate annual output is 1.7 million tonnes. All products manufactured by Kazanorgsintez are certified by the Gosstandard system of Russia.
Based on information by Kazanorgsintez