Ufaorgsintez (SLD), part of Bashneft, began the process of resuming production of polyethylene and polypropylene (PP) after a scheduled preventive maintenance, according to a price review ICIS-MRC.

As the company’s customers have reported Ufaorgsintez today, on June 14, began the process of launching facilities for production of high-density polyethylene (LDPE) and polypropylene after a nearly two-week shutdown for routine maintenance. Tomorrow is already planned the first shipment of polymers.

As noted earlier, Ufaorgsintez June 2, stopped for maintenance work on the power production of the PP and HDPE for the production capacity. The total capacity for the production of LDPE and PP on the ONU up 88.4 thous. Tons per year and 100 thousand. Tonnes per year respectively.

As reported by the MRC earlier, in the first quarter net profit rose to 1.91 SLD billion rubles, which is 67% higher than the same period a year earlier. Revenues amounted to 7.58 billion rubles to 7.62 billion rubles a year earlier. Cost of sales decreased by 8.4% to 5.51 billion rubles. As a result, gross profit increased by 29% to 2.07 billion rubles. Operating profit increased by 31% and amounted to 1.55 billion rubles. Profit before tax reached 2.44 billion rubles.

The review ScanPlast MRC, the volume of the production of LDPE and PP on Ufaorgsintez in the first four months of 2016 amounted to 33.7 thousand. Tons and 40.9 thousand. Tons, respectively, compared to 33.1 thousand. Tons and 42 thousand. Tons in the same period of 2015.

PJSC “Ufaorgsintez” produces phenol, acetone, synthetic ethylene-propylene rubber, high density polyethylene, polypropylene, more than 30 kinds of petrochemical products, and more than 25 kinds of consumer goods.