OREANDA-NEWS. May 31, 2010. The first annual general meeting of shareholders among the enterprises of the petrochemical complex of TATNEFT was held at OAO Nizhnekamsktekhuglerod (NKTU). The meeting was attended by Zagit Sharafeev, Deputy Director General of OAO TATNEFT - Director of Tatneft-Neftekhim Management Company, Yulia Voronina, Chief Advisor of the Cabinet of Ministers' Office of the Republic of Tatarstan, and Aidar Gareev, First Deputy Head of the Nizhnekamsk Municipal District Executive Committee, reported the press-centre of TATNEFT.

In 2009, the staff of NKTU produced and sold 105.5 thousand tons of commercial carbon black of thirteen grades for the amount of 1,919 million rubles. Taxes amounting to 111.2 million rubles were paid to the budgets of all levels.

The high level of NKTU management quality was confirmed by recertification audit for compliance with a new version of ISO 9001:2008 standard in certification bodies TUV CERT and GOST R, successfully conducted in April 2009.

The high quality of OAO Nizhnekamsktekhuglerod products is demonstrated by the approval for the application of carbon black grades N 339, N 326, N 220, N121 and N 660 by Continental Company for solid steel cord tires produced by the Nizhnekamsk Solid Steel Cord Tire Factory.

NKTU belongs to the category of rapidly developing business and the company pursues a focused investment policy associated with reconstruction, technical upgrading of technological equipment and utilities, conducted in the framework of the investment project "Reconstruction of the carbon black production". Business-plan of the high-efficiency project, estimated in the amount of 866 million rubles, has been approved by the Government of the Republic of Tatarstan. For the purpose of ensuring successful project implementation the authorities of the Republic have provided the state support in the form of property tax concessions since 2008 amounting to 42.7 million rubles.

Delegates of the shareholders' meeting approved the annual reports on production and economic activities of the company, financial statements and took some important decisions to ensure stable operation of the company in the current year.

According to the results of 2009 the participants of the meeting decided to pay dividends on preferred shares amounting to 20% of the par value.

INFORMATION. As of December 31, 2009 the authorized capital of the Joint-Stock Company amounts to 148 million 240 thousand rubles, which is distributed to 2 million 964 thousand 804 shares, including 18 thousand 182 shares of preferred stock and 2 million 946 thousand 622 ordinary shares. Net assets of the company increased by 23.7 million rubles, amounting to 782 million rubles as of January 1, 2010 with each share supported by the property in the amount of 264 rubles. The main shareholders are: OAO TATNEFT Group of Companies, OOO IFK Kamintsentr, OAO Black Gold and employees of OAO NKTU.