Russian’s Bashkir Kaustik Pump-in RUB 60bn (€1.5bn) in expansion
According to the latest news from the European plastic industry one of the renowned names in the Russian petrochemical sector Bashkir Kaustik, is all set to pump a total amount of RUB 60bn (€1.5bn) by the end of 2019 as a part of its global expansion plan. According to the information furnished by the company a larger chunk of the fund will be utilized in building new set-up and facilities that will be producing various forms of plastics like Vinyl Chloride, di-chloroethane and Poly Vinyl Chloride. Meanwhile the move is being overwhelmingly welcomed by industry players and stakeholders as it will equip the industry as a whole with richer efficiency and capabilities.
According to reports from various sources with this expansion the production of Vinyl chloride, Dichloroethane and PVC is expected to be increased upto 600,000 tonnes yearly. With this expansion the company has also announced that the company is also planning to build its own energy resources to produce electricity and thermal energy. It is important to underline here that the supply of raw materials and power will be critical for the company to achieve the target that they have set-in.
According to experts and analysts from plastic industry the company is competent enough to achieve the targets that it has put-in as the company has every possible resource to meet the supply of raw materials. Apart from its own units the Bashkir Kaustik has entered into an agreement with Salavatnefteorgsintez JSC, one of Russia’s leading petrochemical companies.
Russian analysts believe that the company has big chances to successfully implement its ambitious projects, taking into account that the firm was able to solve its raw materials supply problem in recent months. Bashkir Kaustik signed a supply agreement with Salavatnefteorgsintez JSC, one of Russia’s leading petrochemical companies.
About Russian’s Bashkir Kaustik
Sterlitamak Joint Stock Company “KAUSTIK” is a successful enterprise, member of holding “Bashkir chemistry”, is specialized on manufacturing of chemical products. During the last 45 years the company has been producing Caustic Soda, its part of total share of production in Russia makes 20%, PVC – 29%, PVC compound of different sorts – 25%.
August 8 1964 is considered to be the birthday of the Joint Stock Company “KAUSTIK”, the day when acceptance report of the first line of Sterlitamak chemical plant was put into operation and signed. The history of the company begins in 1955 when the Council of Ministers of the USSR made an official decision to build a chemical plant in Sterlitamak. The Yar-Bishkadakskiy field of salt – the main raw material for caustic soda production and rich oilfields were the grounds of the decision. From 1955 till 1960 Sharif Zaleevich Miniyarov was the head of the company in the period of construction and purchase of equipment.