OREANDA-NEWS. June 06, 2011. The annual shareholders meeting of Nizhnekamsktekhuglerod (NKTU, part of Tatneft-Neftekhim Management Company) was held, which was attended by Yulia Voronina, Chief Adviser of the Presidential Office of the Republic of Tatarstan, Aidar Gareev, Deputy Head of the Executive Committee of Nizhnekamsk Municipal District and Zagit Sharafeev, Deputy General Director of TATNEFT for Petrochemical Production - Director of Tatneft-Neftekhim Management Company and Chairman of the Board of Directors of OAO Nizhnekamsktekhuglerod, reported the press-centre of TATNEFT.

OAO Nizhnekamsktekhuglerod is an important link of TATNEFT's petrochemical complex, which produces carbon black competitive with foreign analogues and which is one of the major components in the rubber manufacturing adding to the product' strength and durability.

Rinat Shayakhmetov, Executive Director of Nizhnekamsktekhuglerod, presented the activity report to the shareholders. Summing up the results of 2010, he specifically noted that in the year under review the team of NKTU had produced and sold 108.6 thousand tons of commercial carbon black of 12 grades for the amount of 2.455 billion rubles earning 45 million rubles of profit before tax.

The main consumer of Nizhnekamsk carbon black still remains Nizhnekamskshina, which purchased 65.4 thousand tons of carbon black during the year. 14.9 thousand tons of products were forwarded to the consumers in Russia and Tatarstan and the amount of 27.8 thousand tons was exported.

The high quality of NKTU products is evidenced by the fact that Nizhnekamsktekhuglerod has been included in the category of reliable suppliers for several years. The products of the joint stock company have been certified under ISO 9001 quality system. Important is the fact that last year the experts of NKTU successfully tested five brands of carbon black, designed for manufacturing of solid steel chord tires by the Nizhnekamsk SSC tire factory thus solving the problem of import substitution.

Particular attention is paid by the Company to implementation of activities aimed at optimizing the cost of raw materials, energy resources and other production costs: the effect of carrying out such activities in 2010 amounted to 153.3 million rubles. A targeted investment policy allows the joint stock company to perform reconstruction and modernization of the production equipment and utilities. Improvement of automated control systems is carried out within the frame of the investment program enabling to promptly monitor and effectively control the production processes.

Yulia Voronina, Chief Adviser of the Presidential Office of the Republic of Tatarstan and Aidar Gareev, Deputy Head of the Executive Committee of Nizhnekamsk Municipal District, who were present at the meeting, praised the industrial and social activities of NKTU in their speeches.

The session of the Board of Directors of NKTU, which was held after the Shareholders' meeting, re-elected Zagit Sharafeev, Deputy General Director of TATNEFT for Petrochemical Production - Director of Tatneft-Neftekhim Management Company, to act as Chairman of the Board.