NIZHNEKAMSKNEFTEKHIM
First-half 2015 operating profit jumps / Sales in Europe decline as Asia grows / Study continues on olefins and polymers complex
Russian plastics and rubber producer Nizhnekamskneftekhim (NKNK, Nizhnekamsk, Tatarstan; www.nknh.ru) has announced a year-on-year increase of 219.2% in its first-half 2015 operating profit which reached RUB 15.9 bn (EUR 219m).
NKNK said both production and sales of plastics and rubbers had grown. Production of its main products, including plastics, was 361,000 t, up by 2.7% on the same period last year. The higher production volumes and the weakening rouble pushed revenue from the plastics segment up by 14.2% to nearly RUB 25 bn.
On a regional basis, Europe’s share of NKNK’s total sales shrank to 25.7% compared with 33.4% in the first half of 2014, while Asia’s share increased by 8% to 11.6%.
In the second half of this year, NKNK is planning to start its own production of alpha-olefins which will replace imports (see Plasteurope.com of 06.03.2015). The plant will supply a number of fractions used to manufacture complex plastic copolymers.
In addition, NKNK is continuing a detailed pre-investment study for an olefins and integrated PE/PP complex. Agreements for technology licences and engineering have been signed.
NKNK said both production and sales of plastics and rubbers had grown. Production of its main products, including plastics, was 361,000 t, up by 2.7% on the same period last year. The higher production volumes and the weakening rouble pushed revenue from the plastics segment up by 14.2% to nearly RUB 25 bn.
On a regional basis, Europe’s share of NKNK’s total sales shrank to 25.7% compared with 33.4% in the first half of 2014, while Asia’s share increased by 8% to 11.6%.
In the second half of this year, NKNK is planning to start its own production of alpha-olefins which will replace imports (see Plasteurope.com of 06.03.2015). The plant will supply a number of fractions used to manufacture complex plastic copolymers.
In addition, NKNK is continuing a detailed pre-investment study for an olefins and integrated PE/PP complex. Agreements for technology licences and engineering have been signed.
02.09.2015 Plasteurope.com [232086-0]
Published on 02.09.2015