Kazanorgsintez to plan to increase ethylene production to 1 million tons per year by 2020.

According to the plan of Kazanorgsintez (KOS, included in the group TAIF) on 2016-2020, the company plans to increase ethylene production to 1 million tons per year, according to the website of the Government of the Republic of Tatarstan.

At the same time annual revenue is expected to grow to 100 billion rubles. According to the CEO of KOS Farid Minnigulova, 2015 for the company has developed successfully: the high price for the products have improved financial results. In the first nine months of 2015 the company received a net profit of 14.4 billion rubles, which is 3.2 times higher than last year's figure. "At the end of 2015 net profit is expected to be 18.1 billion rubles, which is three times higher than the result in 2014," - said F. Minnigulov.