Republic of Tatarstan will sell shares of its PC Plant
The government of Tatarstan intends to sell equity stakes of several companies, including “Nizhnekamskneftekhim” (22%). The cabinet made corresponding changes to the program of privatization of state property for 2016, reports TASS.
The made decision is caused by need of more effective use of the available resources of the Republic of Tatarstan.
It is planned that the equity stake of PJSC Nizhnekamskneftekhim will be involved for support and development of the priority directions of economy and leading enterprises and companies of the Republic of Tatarstan. And also will promote strengthening of their production cooperation within the formed Kamsky petrochemical cluster.
“Nizhnekamskneftekhim” — the largest petrochemical company on production of synthetic rubbers, plastics and ethylene. Enters into Taif group of companies. In assortment of products more than 120 types. Production of society is exported to 50 countries of Europe, America and Southeast Asia. The export share in the total amount of production makes about 50%.
Feature image shows a view of PJSC Nizhnekamskneftekhim Petrochemical plant : Photo Source
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News Edited and wired by:
PIMI Russian News Correspondent
Olga Prodovskaya
Journalist, former Editor-in-chief of Plastics Magazine, Russia
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Tatarstan
Russian republic
The Republic of Tatarstan is a federal subject of Russia located in the Volga Federal District. Its capital is the city of Kazan. Wikipedia
Founded: May 27, 1920
Area: 68,000 km²
Capital: Kazan
Population: 3.779 million (2002)
Colleges and Universities: Kazan Federal University
