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OOO Europlastic (Moscow) 30/11/2006

Event dedicated to start-up of PP production at Nizhnekamskneftekhim to be held on 29 November

OOO Europlastic, an exclusive distributor of the polystyrene and polyolefin plants of OAO Nizhnekamskneftekhim and the LDPE plant of OAO NefteKhimSevilen (Kazan), is to hold an event on 29 November to celebrate the 3rd anniversary of the PS manufacture and the start-up of the PP production at the polyolefin plant of Nizhnekamskneftekhim and also the 15th anniversary of NefteKhimSevilen.

As part of the event, a press conference of Europlastic’s director general Sergey Arbuzov, officials from Nizhnekamskneftekhim and technical specialists of Nizhnekamskneftekhim’s plants is taking place. The event is expected to be attended by heads of over 200 companies that consume PP, PS and PE.

Earlier this year (11 October) OAO Nizhnekamskneftekhim opened a polypropylene plant with a capacity of 180,000 tonnes per year. Three years ago, Nizhnekamskneftekhim signed a memorandum of understanding with Tecnimont and Basell on the construction of a PP plant in Nizhnekamsk. Basell offered its up-to-date Spheripol process and Tecnimont performed basic and detail engineering, supply of equipment and materials. The Moscow-based VNIPIneft R&D institute was selected as the Russian building designer.

The payback period is 5 years. With the PP plant opened in October, OAO Nizhnekamskneftekhim became the largest polypropylene producer in Russia.

OOO Europlastic was established in May 2003. The company is an exclusive distributor of the polystyrene and polyolefin plants of OAO Nizhnekamskneftekhim and the LDPE plant of OAO NefteKhimSevilen. Since November 2006, Europlastic has been supplying polypropylene. The company operates state-of-the-art warehouses in Sergiev Posad and Lobnya with a combined capacity of over 4,000 tonnes of different grades of polystyrene. Europlastic has an office in Ukraine (Europlastic-UA, Kiev).