Nizhnekamskneftekhim increases its proceeds by 12%

The Nizhnekamskneftekhim Group (Nizhnekamsk, Tatarstan) has published its interim consolidated financial statements (unaudited) in accordance with IAS by results of the first three months of 2015. The revenue increased by more than 12% as compared to the same period in 2014.

In April-May 2015, the company started production of halobutyl rubber and isoprene rubber raw materials at its new plants. Also the industrial production of import substitution catalyst component was mastered.

During the first quarter of 2015, the price of natural rubber TSR-20 remained at the same level with minor fluctuations, and by results of the period decreased by less than 1% from the beginning of 2015. Despite the decline in the price of butadiene by 15% during the first quarter of 2015 in Europe, an increase by 6% was recorded on the Asian market.