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Beginning from the 1st of February 2016, PJSC "Nizhnekamskneftekhim", being cargo shipper, switches to the electronic document management with JSC "Russian Railways". This means that the railway bills for the carriage of goods by rail on the territory of the Russian Federation will be issued in electronic form. Furthermore, quality certificates, previously provided as a supplement to the railway bills will not be made available in paper form at the departure station.
Adaptation of the ETRAN automated system of JSC "Russian Railways" will significantly reduce paper flow and speed up the process of registration of shipments at the railway station.
Consignees which have access to the ETRAN automated system and signed an agreement with JSC "Russian Railways" for this service now will be able to receive invoices electronically, and, if necessary, print them out on paper. Invoices on paper for other consignees, as before, will be issued at the destination station upon arrival of the goods.
For the convenience of customers and at individual requests, from February 1, 2016 PJSC "Nizhnekamskneftekhim" will arrange for automatic posting of electronic forms of railway receipts and certificates of quality to the e-mail addresses of customers.
A new Tank Farm of 120 thousand cubic meters total capacity for naphtha has been put into service in the Ethylene Plant at PJSC "Nizhnekamskneftekhim".
Storage facilities are provided with all necessary environmental protection equipment. It incorporates breather bags and vapor recovery unit plus bottom settlement water removing unit.
PJSC "Nizhnekamskneftekhim" has obtained a License from the Federal Service for Environmental, Technological and Nuclear Supervision (Rostekhnadzor) to operate explosive- , fire- and chemically hazardous production facilities of I, II and III Hazard Class.
It has been granted to supersede two previously existing licenses to operate explosive and chemically hazardous production facilities.
Azat Bikmurzin, Director General of PJSC "Nizhnekamskneftekhim", has been awarded a commendation by the Federation of Trade Unions of the Republic of Tatarstan for his active cooperation in the development and strengthening of the social partnership.
The award has been presented to the Director General by Tatyana Vodopiyanova, Chairman of the RT Trade Union Federation, at the conference of the labor collective of the company dedicated to the adoption of a Collective Agreement for the year 2016.
Laboratory for monitoring the biological treatment plants of technical inspection department of PJSC «Nizhnekamskneftekhim» was certified as the testing laboratory in the national certification system.
The laboratory exercises control over waste water being treated at the biological treatment plants, and bio-treated effluents discharged in water, and water quality in Kama river in the area of purified effluent discharge, and potable water, as well as contamination of ground waters at the waste disposal facilities, and gas emissions from biological treatment plants along with carrying out both chemical and toxicology analyses. Besides, the laboratory conducts sanitary-and-microbiological and sanitary-and-parasitological analyses of natural environments (waste water and bio-treated water, surface and ground waters, potable water) for presence of infectious agents.
PJSC «Nizhnekamskneftekhim» is the largest petrochemical company and it holds leading positions among Russian producers of synthetic rubber, plastics and ethylene. It makes part of TAIF Group. The Company was established in 1967, the main production facilities are located in Nizhnekamsk, Tatarstan Republic.
The range of products output comprises more than 120 items The Company products are exported to 50 countries of Europe, America, South-East Asia. Export share in the total amount of products makes about 50%.
PJSC "Nizhnekamskneftekhim" (NKNK 2015) Eurobonds, which debut issue took place at the end of the year 2005, are finally and fully refunded.
On December 22, 2015 NKNK Finance plc (Ireland) paid to holders of Eurobonds the NKNK 2015 coupon income in the amount of 131 775.50 thousand US Dollars and repaid the 1/10 of the issue i.e. 3 million 100.6 thousand US Dollars in accordance with the repayment schedule.
The volume of the NKNK 2015 Eurobond issue is 200 Mio US Dollars, the interest rate is 8.5% per annum for the whole period of circulation, with the payment of income every six months. Maturity is 10 years. The issue was fully placed at 100% of par.
The deal was unique for the Russian debt capital market as the Eurobond issue was arranged by Russian banks for the first time. Preparatory work took some years, the company commenced its activities on the debt market having involved bilateral loans first, and later, beginning from the year 2001, PJSC "Nizhnekamskneftekhim" was the first among Russian petrochemical companies which successfully joined the public capital market by making 4 Ruble bond issues.
Some efforts to improve transparency of the deal and the preparation of financial statements in accordance with the international standards allowed the Company to get from the rating agencies the highest rating among the Russian petrochemical companies, which was the basis for the international capital markets expansion.
Borrowed funds were directed to the optimization of borrowings’ structure of PJSC "Nizhnekamskneftekhim" and financing of investment projects (revamp of the ethylene complex, polypropylene and polyethylene production units).
The company had no cases of default during its activity, paid coupon profit and the principal amount of all liabilities in due time.
Measures aimed at energy and resources saving are being implemented at the Synthetic Rubber Plant at PJSC "Nizhnekamskneftekhim".
As part of the introduction of the latest developments, a positive effect is already achieved thanks to the installation of high-speed automatic backup power supply on-switching devices at the sub-stations in compressor sections for gas separation, extractive distillation and sections for cleaning of isopentane -isoprene fraction, butadiene, styrene, batch and catalyst preparation sections. These devices allow to avoid emergency shutdowns of the process equipment in case of voltage drop in the external power supply net-work.
Installation of high-speed automatic backup power supply on-switching devices at the Company is being carried out since 2012.
PJSC "Nizhnekamskneftekhim" was awarded a Diploma and a Victory Medal of the 11th All-Russian Contest "Leader of Environmental Activity in Russia-2015".
When solving production problems, a special attention is paid by the Company to environmental issues. A new environmental program for 2014-2020 was adopted in July 2014. Thanks to the implementation of environmental activities over the 2006 to 2014 period the Company managed to reduce pollutant emissions in the atmosphere by more than 20 thousand tons, while production output was increased, in average, by 50 thousand tons per year within the same period.
In this competition, PJSC "Nizhnekamskneftekhim" participates since 2006 and each year the Company becomes the winner.
On December 4, 2015, 12 petrochemists, took part in the corporate competition of the Young Shift Supervisors at the Training Center for the personnel of PJSC "Nizhnekamskneftekhim".
During the theoretical part of the competition shifts supervisors were examined for knowledge of technology aspects, documentation, accident prevention and safety issues, etc. The practical task of the administrative business game was: to resolve an abnormal situation in production unit. All assignments and simulation exercises were prepared by the specialists of the Laboratory for Sociological and Psychological Research and Company Analysis.
The winner of the contest was Yuri Nikonov, the Shift Supervisor of the Synthetic Rubber Plant. The Second and Third places went to Sergey Chernobaev (Ethylene Plant) and Almaz Galimullin (Oligomers Plant). Alexey Sobin (Butyl Rubber Plant) and Damir Mardanov (Ethylene Oxide Plant) were awarded the Encouragement Prizes.
Ordinary shares of PJSC "Nizhnekamskneftekhim" will be included in the new composition of the MICEX Index and the RTS Index on December 16, 2015.
A new base index calculation at the Moscow Stock Exchange, which will come into operation over the December 16, 2015 to March 15, 2016 period, is approved in accordance with the decision of the Moscow Stock Exchange taken on December 1, 2015.
The MICEX Index and the RTS Index are the main indexes of the Moscow Stock Exchange and correspond to the composite price indexes of the Russian stock market weighted at a market-dependent capitalization rate. They include the 50 most liquid stocks of the largest and dynamically developing Russian issuers, which economic activities are among the major sectors represented at the Joint-Stock Company "MICEX Stock Exchange".