Russia's NKNKh increases 2011 sales by 7.6%, sees higher output

13 January 2012 12:00  [Source: ICIS news]

MOSCOW (ICIS)--Nizhnekamskneftekhim's (NKNKh) 2011 sales increased by 7.6% year on year to roubles (Rb) 97.3bn ($3.1bn, €2.4bn) while production volumes were also higher, the leading Russian petrochemical producer said on Friday. 

Although sales revenue increased significantly, it was below NKNKh's earlier 2011 expectations of Rb110bn.

NKNKh's total output of high density polyethylene (HDPE) was up by 21.9% year on year at 195,000 tonnes, the company said.

Polypropylene (PP) output increased by 5.4% year on year at 210,800 tonnes, and polystyrene (PS) production reached 187,000 tonnes, up by 1.5%.

NKNKh also produced 146,000 tonnes of butyl rubber, up by 5.2% year on year.

The company, based in Tatarstan, central Russia, is the country's major petrochemical manufacturer. It produces more than half of Russia's total styrene output, and nearly half its PS production.

($1 = Rb31.58, €0.78)

By: Sergei Blagov
+44 20 8652 3214

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