Sasol Olefins &Surfactants GmbH plans to enter Russian market: First step towards a cooperation with a leading petrochemicals producer
Bad Homburg/Germany, 23rd June 2005 - On the 11th of May 2005
"Nizhnekamskneftekhim" INC of the Russian Federation and "Sasol Olefins & Surfactants GmbH" company signed a Letter of Intent to conduct feasibility studies for possible future cooperation between the two companies. The Letter of Intent specifies a timeframe and actions for the two companies to investigate cooperation in production and marketing of products to be used in the manufacture of detergents and personal care products in the Russian Federation. The companies expect the feasibility studies to be completed by September 2005.
Nizhnekamskneftekhim Inc. is a leading Russian producer and supplier of synthetic rubbers and petrochemicals with more than 30 years of working experience. Sales volume of the company in 2004 amounted to 33.8 billion rubles (1.2 billion USD).
Sasol, with a market capitalization of approximately USD 17 billion, is an integrated oil and gas group with substantial chemical interests. Based in South Africa and operating in 15 other countries throughout the world, Sasol brings 50 years of unparalleled experience of producing and marketing Fischer-Tropsch transportation fuels and a wide range of chemicals. Through its Olefins & Surfactants division, Sasol has a worldwide reputation as a leading supplier and manufacturer of alcohols, surfactants and linear alkylbenzene (LAB).
|Götz Lachmann Sasol Olefins & Surfactants GmbH Im Atzelnest 5 D-61352 Bad Homburg Germany||Phone: +49 (61 72) 45 33-305 Mobile: +49 (1 60) 5 83 49 94 Fax: +49 (61 72) 45 33-350 E-Mail: firstname.lastname@example.org Website: www.sasol.com|
|Valeriy Starkov Nizhnekamskneftekhim Inc. Strategic Development Department 423574, Russia, Republic of Tatarstan, Nizhnekamsk||Phone: +7 (8555) 37-54-25 Fax: +7 (8555) 37-76-86 +7 (095) 255-38-34 / -5155 E-Mail: email@example.com Website: www.nknh.ru|
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