Russia's NKNKh reports higher first-quarter production levels

11 June 2013 15:53  [Source: ICIS news]

MOSCOW (ICIS)--Russia-based petrochemical producer Nizhnekamskneftekhim (NKNKh) on Tuesday reported increased output volumes during the first quarter of 2013 compared to the same period a year earlier.

In January-March 2013, NKNKh produced 162,700 tonnes of synthetic rubber, a 5.6% year on year increase, the company said in a statement on Tuesday. Butyl rubber output was 5.7% up year on year at 44,000 tonnes, polybutadiene rubber was 9.5% up year on year at 50,800 tonnes, and polyisoprene rubber was 2.7% up year on year at 67,500 tonnes, it added.

Meanwhile, output of plastics reached 162,400 tonnes or 4.2% up year on year, said the statement. Polyethylene production was 6.6% down year on year at 52,000 tonnes, polypropylene production was 3.8% down year on year at 50,400 tonnes, while polyestyrene production was 25.8% up year on year at 60,000 tonnes, it said.

The news follows NKNKh’s announcement of its first-quarter earnings, released in mid-May.

In January-March 2013, NKNKh net profit amounted to Russian roubles (Rb) 3.1bn (€72m), down 32%, according to the company. NKNKh sales reached Rb31bn, or 11% down year on year, the statement said.

NKNKh, based in Tatarstan, Central Russia, is the country's major petrochemical manufacturer. The company exports more than 90% of its total synthetic rubber volumes, according to NKNKh.

(€1 = Rb42.83)

By: Sergei Blagov
+44 20 8652 3214

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