Board of Nizhnekamskneftekhim Approves Cracker Project

A board meeting of TAIF (Nizhnekamsk, Russia) and Nizhnekamskneftekhim at Kazan, Russia  today approved Nizhnekamskneftekhim's strategic development program covering 2011-16 and through 2020. The meeting, chaired by Albert K. Shigabutdinov, general director of TAIF, a major shareholder in Nizhnekamskneftekhim, concluded that the business plan will ensure the future development of Nizhnekamskneftekhim, one of Russia's leading petrochemicals players. The plan calls for the expansion of synthetic rubber production as well as building plants producing...

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