Petrochemicals, Russia Metals and Mining

Polyplastic presents its results for Q1 2016

Despite common stagnation of the car building, household appliance and construction markets, Polyplastic NPP is still the leader in the sector and is able to increase the results in these spheres. The financial results for Q1 2016 have been accomplished in accordance with the business plan admitted by the Board of Directors.

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"Siberian Chemical Plant" plans to start pilot production of TiO2 in 2017.

"Siberian Chemical Plant" (SCP, part of Rosatom Fuel Company "TVEL") planned to launch pilot production of silica in the Tomsk region by the end of 2017, the head of the company Sergei Tochilin told reporters .
"We have received information on the preliminary results of tests of titanium dioxide samples, which the Tomsk Polytechnic University made, at four plants. Product quality is very high. Negotiations about investing in this project and on the extent of it are in progress: either it will be an intermediate pilot plant at 5 tons or go directly to the industrial production of 20 thousand tons", - he stated.

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Polyethylene from Nizhnekamskneftekhim receives approval from "Transneft" for anti-corrosion coatings.

Nizhnekamskneftekhim (NKNKh, part of the TAIF Group), a leading Russian producer of synthetic rubber and plastics, has received permission from the company "SRI Transneft" on use of Nizhnekamsk polyethylene of PE 6146KM grade as an external anti-corrosion layer composed of a three-layer coating system for metal gas and oil pipelines, the company informs.
Approval of "Research Institute of Transneft" was obtained after the tests carried out at the "Insulation Pipe Plant" (Peresvet) and JSC "Chelyabinsk Pipe Rolling Plant".

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Bashkortostan’s head Rustem Khamitov: It’s difficult for regions to work with the largest strategic companies

The head of Bashkortostan Rustem Khamitov tells in an interview with the Kommersant, why it is necessary to develop a small business in such old industrial region as Bashkiria, about complexities of working with large industrial companies, about finding an alternative source of limestone for the Bashkir soda company, because it’s impossible to use the famous Mount Shikhany Tratau as a raw material.
- In the summer, the SCO and BRICS summits took place in Ufa, in October - Small Business Forum of the SCO and BRICS countries were held. In 2020, Ufa will hold World Folkloriad. Bashkiria has applied to host the Eurasian Women's Forum in2018, the International Children's Games in 2019, the forum of world beekeepers in 2021, and the World Congress of Philosophy in 2023. As the head of the republic, what do you primarily expect from these events - political dividends or economic ones?

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Metaclay to open an R&D center for the processing of polymer composites in "Skolkovo".

The Russian company Metaclay, a portfolio company of Rusnano, signed an agreement on the basic conditions of partnership and placing an R&D center in the innovation center "Skolkovo", the IC "Skolkovo" website informs.
It is planned that the center will greatly enhance the synergistic opportunities of Skolkovo ecosystem in the segment of composite materials.

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Polymer pipes output fell by 13.7% in September

​According to the Federal Service for Statistics, the index of industrial production in September 2015 made up 96.3% against September 2014, in Jan-September 2015 – 96.8%.
The index of chemicals production in September 2015 made up 109.3% against September 2014, in Jan-September 2015 – 106.5%.
The index of production of rubber and plastic goods in September 2015 made up 100.1% against September 2014, in Jan-September 2015 – 96.6%.
In September the entrepreneurs produced foil and polymer plain plates at the volume of 82.3 thousand tons against September 2014 (75.6 thousand tons). The production volume rose by 8.8% against August 2015, the growth in Jan-September 2015 made up 5%. The output of porous polymer sheets was 22.8 thousand tons, by 1% more than in September 2014 (22.6 thousand tons), by 6.6% more than in August, by 1.7% less than in Jan-September 2014. Non-porous polymer sheets output made up 20.3 thousand tons, by 1% less than in September 2014 (20.5 thousand tons) and by 6.2% less than in August 2015, the growth in Jan-September 2015 made up 2.9% against Jan-September 2014.

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Gazprom has attracted OMK, TMK and ChTPZ to gas motor fuel market development

​Gazprom’s head A. Miller and heads of OMK, TMK and ChTPZ signed memorandums in the sphere of gas use as motor fuel.
The main goals of cooperation of the parties are the turning of the equipment park of the pipe companies and their affiliates for natural gas as well as forming of favorable conditions for the development of the gas motor fuel market in Russia.
Pipe producers submit Gazprom the information on the plans of turning the equipment for gas and purchase of new gas motor fuel equipment. Gazprom will primarily inform its partners on the plans of expansion of gas infrastructure in the regions of activity of the pipe companies, and in case of necessity, correct these plans.
The parties agreed on the development and joint realization of the program of implementation of gas motor equipment, joint participation in similar sectoral and regional programs.

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Line for production of metal-polymer pipes launched in the Crimea

On Monday, October 5, 2015, under the investment project "Production of metal-polymer pipes Kronapipe», the launch of the production line of for their production took place in Alushta (village Nuzhnyaya Kutuzovka). The grand opening was attended by representatives of the Ministry of Industrial Policy of the Republic of Crimea.

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Holding of Renova to receive 676 mln roubles for new project

The Ministry of Industry and Trade approved loan for the manufacture of gas turbine parts.
Industry Development Fund of the Ministry of Industry and Trade of the Russian Federation approved loan to the company “ROTEK” (part of Renova) at 676 million roubles for the creation of production of parts of energy gas turbines in the Urals. The press-service of the authority of the Sverdlovsk region states.

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Uralkaly takes loan from Sberbank

Uralkaly, which actively develops its capacity after the accident at mine in November 2014, has attracted $1.5 billion from Sberbank for investments and debt refinancing. Through until 2020, the company plans to invest 300 billion rubles in the production, at the end of June its debt amounted to about $3.5 billion. The current ratio of the net debt/EBITDA is 1.8, but taking into account the buyback it may increase to 2.6.
Uralkaly has attracted a non-revolving line of credit from Sberbank to the amount of $1.5 billion for five years. As the company specifies, the money will be also spent for financing of statutory activities, cost of production and sales, total or partial refinancing of current loans and payment of dividends. "The advantage of the deal is that the funds will be provided on an unsecured basis, and the company is not obliged to use the whole amount of the credit line," - Uralkaly noted. The limit of the credit line is differentiated by time and tied to the cash flow projections and the need for credit resources of the company. In the period from September 2015 till May 5, 2016, it is $300 million, till July 5, 2016 - $600 million, till September 4, 2016 - $1 billion, and until March 3, 2017 - $1.5 billion.

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