OREANDA-NEWS. NKNK Board of Directors reviewed a 2008-2012 strategic development program for “Nizhnekamskneftekhim” INC.

This program contemplates large-scale construction and putting into operation of large-capacity production facilities, primarily, for synthetic types of rubber and plastics. The Company started to actively develop a plastics market four years ago, when a state-of-the-art polystyrene production facility was commissioned.

The Board approved of the progress in the NKNK environmental policy based on a sustainable advancement, in full compliance with ISO 14001:2004 requirements.

The Board approved a first half 2007 program for audit, personnel and award committees, and Regulations for independent directors of “Nizhnekamskneftekhim” INC.