Kazanorgsintez profits grew by 20%

31 July 2018, Tuesday

Kazanorgsintez summed up the results for the 6 months of the current year. During this period, the company earned a profit of RUB 10 billion, a 20% increase YoY. The company's revenues compared to last year's indicator increased by more than 6% reaching RUB 39.1 billion as of July 1, 2018.

The total value of Kazanorgsintez assets in the first half of the year amounted to RUB 63.7 billion, and the fixed assets value, RUB 35.8 billion.

Kazanorgsintez succeeded to increase its profits and earnings indicators largely due to the growth in its production volumes. The company has consistently increased its output over the past few years. In 2017, Kazanorgsintez recorded the highest figures for polyethylene production in the entire history of its operations. The company’s economic activities were also positively affected by the conditions in the PE market: product price stabilisation and growth, exchange rate changes.

Kazanorgsintez (part of the TAIF Group) is one of the largest enterprises in the Russian Federation. It produces 40% of all Russia’s polyethylene and 100% of domestic polycarbonate. Its portfolio includes polyethylene, PE pipes, phenol, acetone, bisphenol A, polycarbonates; its annual output exceeds 1.7 million tonnes.

Information provided by Kazanorgsintez press service

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