Press Release

17 November 2014

Press Release

OJSC Kazanorgsintez and BASF sign a strategic cooperation agreement on additives supply for polymer production.

A long-term strategic cooperation agreement was signed between OJSC Kazanorgsintez, Russian largest polyethylene producer, and BASF, a world’s leading chemical company. In accordance with the terms of the agreement, BASF will supply antioxidants and stabilizers for polyethylene and polycarbonate to OJSC Kazanorgsintez, as well as provide technical support in HDPE production.

The document was signed by Director General of OJSC Kazanorgsintez Farid G. Minigulov and Head of BASF in Russia and CIS Sergey V. Andreev.

Both companies are going to be fully engaged in the implementation of joint projects aimed to extend branded product assortment of OJSC Kazanorgsintez and use the most modern decisions on stabilization. Prices for additives will be formed by formulas based on independent stock quotations that in its turn will ensure long-term transparency and stability of product prices.

The agreement will enable the companies to work in close cooperation, analyze processers’ requirements and suggest appropriate decisions. Laboratory facilities of BASF engineering center will be used, if necessary.

The conclusion of this agreement will ensure the supply of quality European product from a direct producer immediately to OJSC Kazanorgsintez warehouse by the producer, as noted by Director General of OJSC Kazanorgsintez Farid G. Minigulov.

Our company is strategically interested in the development of polymer industry in Russia. Together with our partners we are ready to contribute to the creation of added value of products manufactured in Russia. Based on long-term experience we suggest modern decisions on stabilization depending on the application of processers’ individual requirements. Our company also produces a range of progressive light stabilizers for polycarbonate, recognized by leading PC sheet producers and designated for protecting polymer articles at the highest level, as stressed by Head of BASF in Russia and CIS Sergey V. Andreev.

OJSC Kazanorgsintez

Open Joint Stock Company Kazanorgsintez is one of the largest chemical enterprises of the Russian Federation. OJSC Kazanorgsintez is the largest polyethylene exporter producing more than 38% thereof.

At present, the Company produces polyethylene, polyethylene pipes, phenol, acetone, ethylene glycols, ethanolamines, bisphenol, polycarbonate and other organic synthesis products. The whole range of products includes over 170 items with the output of 1.3 million tonnes. Further information is available at www.kazanorgsintez.ru

BASF Company Profile

BASF has been creating chemistry for already 150 years. The company product portfolio includes chemicals, plastics, custom chemicals, plant protecting agents as well as oil and natural gas. Our company is a chemical industry leader combining in its activities the economic success, social responsibility and environmental friendliness. Based on scientific achievements and innovations we assist customer companies in meeting current and future challenges facing the society. High quality products and decisions by BASF contribute to the planetary resources conservation, provision of food to population and improvement of quality of living. Such approach is consistent with our watchward: “We create chemistry for a sustainable future”. In 2013, the amount of sales of BASF Company was about 74 billion euros, and the total number of employees exceeded 112 thousand people.

Further information on BASF Company is available at www.basf.com

Information on BASF Plastic Additives Division

BASF is a leading manufacturer, supplier and developer of innovative additives for polymers production and processing such as antioxidants, light stabilizers and pigments. Further information on decisions is available at www.plasticadditives.basf.com

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