First meeting this year of Nizhnekamskneftekhim Board of Directors was held on February 1. The discussion referred to the preliminary results of financial and economic activities of the company in 2004 and also operation of the first line of polystyrene production and the work progress of the second line of this production facility and problems of feedstock provision.
The results of financial and economic activities have been presented by Mr. L. Maltsev, deputy general director for production and Mr. R. Akhmetov, deputy general director for economics.
The largest increase of output at the enterprise was achieved in production of neonols (by 38.9%), isoprene from isobutane (12.6%), styrene (11%) and monoethyleneglycol (8.6%) as compared to 2003.
In 2004 commercial output amounted to 31.6 billion rubles, i.e. by 4.8% above the level of 2003 in comparable prices.
One of the most important issues that is under continuous control of the company management is the transfer of tax payments. In 2004 Nizhnekamskneftekhim Inc. transferred 4 billion and 998 million rubles to the budgets of various levels.
Mr. A. Minullin, director of polystyrene plant, reported that during the first year after start-up of production plant more than 48 thousand tons of product was manufactured and currently the foundations for process equipment were made ready on the second production line, the framework of buildings and the brickwork of walls are being completed, installation of process equipment is in progress on certain units. Commissioning activities at this facility are scheduled for May – June of this year.
Mr. R. Galiullin, deputy general director for commerce, reported the problems of feedstock provision.
The board of directors approved the activity of the executive management based on the results of 2004 and acknowledged that the work of polystyrene plant staff was successful in the field of mastering of new production grades and that the work progress of the second production line complies with the schedule. Information of resolving the problem issues related to the feedstock provision was taken into account by the board of directors.

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Nizhnekamskneftekhim Inc.
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