19 April 2010 17:40 [Source: ICIS news]
MOSCOW (ICIS news)--?xml:namespace>
In 2010, Kazanorgsintez was aiming to raise its sales to Rouble (Rb) 35bn ($1.2bn) from Rb22.5bn in 2009, CEO Leonid Alekhin said after the company's AGM.
It was aiming to invest Rb 1.6bn this year to finance its projects, including a scheme to increase the C2 capacity of its Kazanorgsintez plant from 430,000 tonnes/year to 640,000 tonnes/year by the end of this year, he said.
Alekhin also said Kazanorgsintez’s financial situation had improved after the company received government-guaranteed loans totaling Rb35bn.
Based in Tatarstan, central
NKNKh said it would invest Rb22bn by 2014 to finance its development, including a project to increase the synthetic rubber capacity of its plant from 400,000 tonnes/year up to 750,000-800,000 tonnes/year.
General director Vladimir Busygin also pledged to start construction of a new C2 unit with a capacity of 1m tonnes/year in 2013-2014. NKNKh, also based in Tatarstan, previously announced plans to build the new C2 unit by 2015 at an estimated cost of Rb84bn.
($1 = Rb29.06)
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