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PRODUCT RANGE
Methanol technical
Urea formaldehyde concentrate
Formalin technical
Concentrated low-methanol formalin
Pentaerythritol technical
Dipentaerythritol technical
Pentaerythritol technical micronized
Hexamethylenetetramine technical
Hexamethylenetetramine micronized
Caprolon (block polyamide 6)
Granulated polyamide 6
Sodium formate technical
Aqueous sodium formate solution
Aqueous urotropine solution
Crude methanol

RESPONSIBILITY
Corporate social policy
Sponsorship and charity
Ecology

CAREER
Personnel policy
Strategy for Human Resources Management till 2020

CORPORATE NEWSPAPER

COMPANIES OF METAFRAX GROUP
LLC Metadynea
LLC Trading Company Metafrax
JSC Karbolit
LLC Metafrax-Inform
JSC Gubakhatransport
LLC MetaTransStroy
Metadynea Austria GmbH
Metadynea Trading SA

Russia, Gubaha, Perm region, 618250
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NEWS
29November
2017
Sign of Confidence and Firm Decisions is in Armen Garslayn’s Hands

Publishing house Kommersant had awarded the most affluent persons – heads and owners of the Perm Region IT, energy, housing, finance, food industry companies - with the “Hard Signs”. Armen Garslyan, Metafrax Board of Directors Chairman, had got into the number of nine award winners gaining the “Hard Sign” “For the industry development and leading it to a new level”.

- The year of 2017 is significant for the paper. This is the anniversary, and you have already been able to read breaking news in the pages of the Kommersant newspaper and in the electronic version for 15 years. The names of our honorary Hard Sign award winners have been mentioned in our newspaper for all these years. – Noted Lyudmila Koshechkina, director of the publishing house, during the ceremony.

Because the professional business, Armen Garslyan could not take part in the ceremony, but he said thank you and congratulated the newspaper via the video speech.

- I think that the Hard Sign is, in the first place, sign of confidence, sign of firm decisions. We have been together with Kommersant for 15 years. You like “biting”, and it’s good, it keeps us in bright-eyed and bushy-tailed condition. The paper that can openly write, without looking back to other people’s decisions, deserves recognition and respect. There’s a big hard sign in it. Thank you for the award, I think, we will work together for decades. – Noted Armen Gayosovich in his speech.

The “Hard Signs” award was founded by the publishing house in 2014, that times, the nominees used to be defined by polling of different economy spheres companies managers. Since 2015, the winners are selected by the Kommersant-Prikamye editorial office.

21November
2017
RBK Held the Forum Dedicated To the Digital Economy

The first RBK Business Forum that had gathered about 300 guests at its discussion site took place in Perm. Metropolitan speakers, local experts, industrialists, representatives of the authority and business were learning how to make money from the newest digital technologies and whether the authorities shall help business with the digitalization.

The forum started with the workshop for small and medium practices managers “Effective Profit Increasing Models in the Modern Digital Reality”. Ilya Kusakin, Sales development Director of Black Star label, and Indi Gogokhia, manager of marketing communication surfing agency Genius Code, lecturer of the MSIIR.

“Digital economy is when you count your money better and in detail”. – That is how the RBK forum participants described the current effects from the “digit” implementation. The manufacture digitalization will cause the expense decreasing, that is either can be measured in several percent or provides a very significant effectiveness growth.

According to the opinion of the forum speaker, Armen Garslyan, Metafrax Board of Directors Chairman, large companies can feel the “digit” implementation better. The digitalization of all elements of the process chain has already changed industrial business.

Digital economy is a trend. Several years ago, we had to choose whether Metafrax should use the “digit”. And we made our choice. We had started to manage our assets via the “digit”, implemented new work practices to our production processes having the basic parameters and tracking all the output stages using computer technologies. Today we develop 3D models, are able to manage any production stage, it allows us to optimize our expenses essentially and to regulate our business processes.

I’m sure that some companies that don’t digitalize their business will crush and can’t be developed in the modern economy. Therefore, the state should invest in the digital economy. In any case, our company is ready to support small and medium practices. – Commented Armen Gayosovich.

Summarizing the forum results, the participants had come to conclusion that successful result of the digital transformation is a divisible profit increasing. There are not so many examples in the country, and the Perm Region has every chance to become the pioneer. 

15November
2017
The Group of Companies Metafrax Summarized The Work Results For The First Half Of 2017

At a time of gross profit growth, the group's investments increased by 90%. Consolidated revenue of the group for the year is forecasted at the level of 41,700 million rubles. 

The revenue of the “Metafrax” Group for 6 months of 2017 was more than 21,617 million rubles, which is higher by 93 million rubles for the same period in 2016 or by 0.4%. 

Gross profit amounted to 7,941 million rubles, with an increase of 609 million rubles or by 8.3% compared to the first half of 2016.

In January-June, the volume of investments in fixed assets and not finished construction of the Group amounted to 2,988 million rubles, which is by 1,418 million rubles or 90% higher than in the same period last year.

The main investment object of PJSC "Metafrax" in January-June 2017 was the construction of a complex for the production of ammonia-urea-melamine in Gubakha on the industrial site of PJSC "Metafrax", for which more than 1.8 billion rubles were allocated. About 460 million rubles the company invested in the renewal of the rolling stock of methanol tanks. To build a new plant for the production of formalin on the industrial site of OOO “Metadynea” in Orekhovo-Zuevo there were about 180 million rubles invested.

The forecasted volume of capital investments of the group for the second half of 2017 is estimated as 10.5 billion rubles.

The value of the non-current assets of the Group as of June 30, 2017 was 27,039 million rubles, which is higher by 5,356 million rubles as of the beginning of the year or by 24.7%. The increase was due to capital investments and advances for the purchase of fixed assets.

Armen Garslyan, Chairman of the Board of Directors of PJSC “Metafrax”:

- We think that the growth of gross profit is caused primarily by a favorable price conjuncture in the export markets of methanol. The export contract price for methanol grew throughout the first half of the year and increased significantly in the second quarter compared to the same period last year. Following the results of 2017, we expect the Group's revenues to remain at the level of 2016 - according to our calculations; the consolidated revenue of the Group in accordance with IFRS for 2017 will be about 41,700 million rubles.

The Group of companies will continue to increase the volume of capital investments approved by the Program of Technical Re-equipment, Reconstruction and Development until 2020.

07November
2017
Metafrax Got in the Largest Russian Companies Rating in Terms of Turnover

Business magazine Expert published results of the annual Federal TOP 400 Largest Russian Companies Rating in terms of realized production. According to 2016 results, Metafrax Group of Companies took the 266th place. Comparing to the 2015 values, the company’s sales had been insignificantly decreased by 0.4%, the company’s scope of realization had reached 41.69 billion roubles, net profit had reached 4.1 billion roubles.

According to 2017 results, the company’s experts expect profit values to remain on the 2016 level. 

– Pursuant to our calculations, the consolidated profit of the Group, according the IFRS, will make 41.7 billion roubles in the end of 2017. – Said Armen Garslyan, Metafrax Board of Directors Chairman. 

Besides the point, Metafrax can be called a permanent TOP 400 participant, starting from 2015, the company has got into the rating for the third time showing the stable central positions. 

According to 2016 results, 43 constituent entities of the Russian Federation had taken part in the rating.  The Perm Region was represented by four companies, two of them were related to chemical industry. In the general leaderboard, the number of chemical production manufacturers is less than twenty.  Petroleum industry is traditionally the largest sector of the rating, the share of such companies is 29.4% of the overall revenue and 33.4% of the overall revenue of this year selection.

In 2016, the overall revenue of the 400 largest Russian companies made 65.4 trillion roubles that is higher than the TOP400 revenue in 2015 by 6.5%. The rating companies cover more than 40% of the Russian economy.

This year, one more value appeared in the leaderboard - number of employees. In 2016, 1700 employees had been working in Metafrax Group of Companies.

03November
2017
Ammonia-urea-melamine (AUM) complex: new era in company’s development

PJSC “Metafrax”, one of the major Russian chemical companies, and “Casale”, a leading technology licensor in syngas and fertilizer production, are pleased to announce the signature of a contract for engineering, equipment supply and construction management of a large chemical complex, to be implemented in Gubakha, Perm region (Russia).

Under the terms of the contract, Casale will act as Technology Licensor and EPCM contractor for the realization of the entire project, which consist of the following units, based on Casale proprietary technologies and know-how:

One new 894 MTD ammonia synloop, using A2000 CTM technology, operating on pure hydrogen and nitrogen feedstock.

One new 1672 MTD urea plant, incorporating Split FlowTM and Full CondenserTM technologies.

One new 120 MTD melamine plant, using LEMTM technology.

The new complex will be completed by a PSA unit for the recovery of hydrogen from the purge gas of the existing methanol plant, to be utilized as feedstock for the new ammonia synloop, and a Carbon Dioxide Recovery (CDR) unit, designed according to MHI technology, which will recover 1200 MTD of CO2 from the methanol plant reformers, to be utilized as feed for the urea plant.

All these features make the project a unique example of a closely integrated production chain, starting from methanol up to urea and melamine.

The Complex construction is slated for realization in 36 months.

The project is a result of PJSC Metafrax’s business strategy, initiated twenty years ago, which, in a series of steps and always adopting “Casale” technologies, has boosted the methanol plant capacity from 2500 MTD to 3375 MTD (+35%). The latest step consisted in debottlenecking the methanol plant’s front end by installing a new POX unit section in parallel to the existing reformers.

This project is another milestone in PJSC Metafrax’s history of continuous improvement of its position in the European market whilst, for “Casale”, it is testimony of its new position of global contractor, brought about by Casale’s recent acquisitions, which have broadened both its portfolio of technologies and its engineering skills.

Mr. V. Daut, General Director of “Metafrax” commented: “We decided to proceed in partnership with “Casale” because we saw a big advantage in having one single licensor for ammonia, urea and melamine, – in combination with their deep knowledge of our existing methanol plant. We believe that, with its big experience in all kind of revamp, “Casale” will realize optimal technical solutions for integrating the new units of the Complex into our existing methanol plant”.

“We are very proud to have been selected by one of the most prestigious chemical companies in Russia to help them fostering their growth through widening their product mix and toward becoming one of the most important players in the Russian market”, said Mr. Federico Zardi, CEO of “Casale”.

03November
2017
AUM (ammonia-urea-melamine) complex construction: signing of contracts with EPCM-contractors

On the 1st of  November, in framework of AUM complex construction in Gubakha the special contract signing ceremony between PJSC “Metafrax”, JSC “NIIK” and LLC “Uralenergostroy” was held. Aleksandr Lysov, the complex director, was introduced to the public. Before the AUM complex construction, he had worked as a Chief mechanic.

The contracts with EPCM-contractors were signed by PJSC Metafrax General Director Vladimir Daut, from “NIIK” by General Director Oleg Kostin, from “Uralenergostroy” by Deputy Head of Perm subsidiary Sergey Lozhkin.

Thus, all commitments of all project participants for today, including technology licensor Swiss company Casale SA, are met.  This company has been cooperating with PJSC “Metafrax” for more than 20 years and has proved itself as a reliable partner.

As Vladimir Daut pointed out, it’s the first project in “Metafrax” of such a big scale for the last 30 years.

-Our project is unique in terms of technological and ecological points of view. This complex will be integrated with our current methanol production, therefore it’s planned to produce ammonia and urea with technology that includes the use of residuals: purging gases from methanol production and CO2 from reformers It will allow to reduce emissions and to increase energy-efficiency of the future complex, - he said.

Oleg Kostin, JSC “NIIK” General Director said that the project passed examination and the construction license is granted. The subsurface utility engineering will be started in the middle of November. “NIIK” will involve about 1500 workers, including region residents. The contractor area of responsibility includes construction of off-site facilities and support infrastructure.

LLC “Uralenergostroy” is a unique contractor specialized in energy block and atomic station construction. It was a general contractor of Beloyarskaya atomic station. Viktor Suruda, General Director assured all ceremony  participants of qualitative work. The company will construct basic technologic units of the AUM complex.

Federiko Zardi, CEO of “Casale” assured all ceremony participants that the Swiss company designs the most modern, reliable and environmental friendly units. “Casale" is the only one licensor of technological process for ammonia, urea and melamine in the world.

Armen Garslyan estimated sum of the signed contracts at 33.5 billion dollars, the total project value is more than 950 million euros.

-For the last year, our specialists worked a lot with banks and project financing. We are in the last stage of negotiations and going to sign a credit contract with one of the leading Russian banks this year. It’s planned to aquire a loan for construction financing: 27 billion rubles or, in other words, more than 280 million euros. Total volume of budget revenues at all “Metafrax” levels will increase from 2 to 4 billion rubles,-he said.                                                   

Alexey Chibisov,  Deputy PM of Perm Krai, Minister of industry, business and trade called the AUM project as the biggest private investment in chemical branch of our region. The new production will influence small business development, infrastructure renewal and formation of comfortable urban environment. The agreement with JSC “Russian Railways” about reconstruction of rail communication between Solikamsk and Perm for traffic capacity increase. More than 11 billion rubles will be invested in the project. The company promises to restore the 5th railway on Ugleuralskaya station. The regional government engages a medical care of involved specialists and enforcement of law. Taking into consideration ecological standards for new production, Alexey Chibisov expects positive influence on tourism.

The new production site will give 400 working places. Future workshop managers have been already involved in the project management at different levels. 114 students study in Perm, Kazan, Ekaterinburg universities under the contract with PJSC “Metafrax”. Ural Chemical and Technological College trains operating personnel.

The AUM complex is the biggest investment project of “Metafrax” holding. The project is included in the development strategy of “Metafrax” group until 2030.

The AUM complex will be located at industrial site in Gubakha.  Feasibility study is developed by Jacobs Consultancy. “Casale” acts as a process licensor and BEP developer. The AUM complex should be put into operation in the 1st half of 2021.

It’s planned to use the production for personal consumption, internal and external markets.  The expected useful life of the plant is 30 years.

_________________

PJSC “Metafrax” is an internationally famous standard-bearer of the Russian organic chemistry market. It is the biggest chemical production exporter that has the overall export share of approximately 40%. The delivery geography of the company includes the head company JSC Metafrax (Gubakha, Perm Region), Metadynea, Ltd. – formaldehyde and synthetic resins production (Perm and Moscow regions), Metadynea Austria - formaldehyde and synthetic resins production (Krems, Austria), JSC Karbolit - synthetic resins and plastic production (Moscow Region). According to IFRS, the joint profit of the Group of Companies Metafrax exceeds 40 billion rubles.

The companies produce methanol, formaline, pentaerythritol and urotropine, urea-formaldehyde concentrate (UFC), synthetic resins, packaged and granulated polyamide, sodium formate, etc. Company’s annual investments to the production revamping and modernization make more than one and half billion rubles. http://www.metafrax.ru/

NIIK is a leading Russian engineering company that offers its customers cost-effective solutions in designing & engineering, takes a proven, process-driven approach to product innovation, development of technologies, undertake procurement services, provide feasibility analysis and achieve excellence in managing construction projects. http://niik.ru/

LLC "Management Company "Uralenergostroy" was created in 2003 as a progressive model of the construction of large energy facilities in the market conditions. "MC "UES" became the successor of cases, experience and traditions of the largest in the USSR construction and installation trust "Uralenergostroy", which build 30 power plant and many other industrial and social facilities of the Urals and Western Siberia. http://www.uestroy.ru/

CASALE is a privately owned Swiss Company, wholly owned by CASALE HOLDING, with headquarters in Lugano (Switzerland). The world leader in licensing and development of own technologies in ammonia, methanol, urea, melamine production and synthesis. The company has subsidiaries in Russia, the USA, Canada, Brazil, India, Iran, Pakistan and Indonesia. https://www.casale.ch/

25October
2017
“Metafrax” is one of the top five companies of Perm Krai upon the profit performance

PJSC “Metafrax” is one of the top five most profitable and top twenty largest industrial companies of Perm Krai according to Business Class newspaper annual rating. In 2016, the company earned 3 940 116 thousand rubles.

 Based on results of the previous year, PJSC “Metafrax” has showed positive growth of many financial figures.  The Company also is one of the top five companies upon the capital assets amount and one of the top ten companies upon amounts of the capital , reserves, fixed assets and balance-sheet total. In overall rating “Metafrax” has taken the 11th line among 300 largest companies of the region.

Last year the company started a key project, namely construction of a large complex for production of ammonia, urea and melamine (AUM) in Gubakha.  During six months of 2017, amount of 1,8 bln. rubles was invested in the project implementation. The total investments into the project will make about 800 mio.Euro, and payoff period will make about 10 years.

Armen Garslyan, Chairman of the Board of Directors, PJSC “Metafrax”:

-Construction of AUM Complex is the part of “Metafrax” Group’s development strategy until 2030. A new plant will supply us our own raw materials in order to produce goods, basically, resins, on which sales we desire to be a leader on the market. Construction of the Complex is our investments into the future. At the same time, we don’t freeze our existing investments; continually we are focusing on improvement of our products quality and investment into modernization of the existing plants and infrastructure.  

One more priority growth area is nature protection activities. Total amount environmental control costs for 2016 made 110.4 mio.rubles. A larger amount of investments is associated with operation of biological treatment plants, which are treating, among others, industrial wastes and service-utility and industrial wastes going from Gubakha. The operational costs for biological treatment plants maintenance made more than 100 mio.rubles in 2016.

Vladimir Daut, Director General, PJSC “Metafrax”:

- The key philosophy of our activity is to care about environment protection and reduce negative impact on the environment. And we comply with this concept: on a regularly basis we monitor the state of natural environment, analyze the state of atmospheric air, basins, and check efficiency of the actions carried out. For us, emissions reducing are not only a statistic of the company’s activity, but also the life quality of people. We do all our best in order to ensure safety and comfortable life in Gubakha and its near regions. 

06October
2017
Metafrax is One of the Workforce Productivity Leaders

The annual Russian award “Workforce Productivity: Russian Industry Leaders” results had been summarized. Metafrax took the 11th place in the TOP-80 Workforce Productivity Leaders in Chemical Industry.

The annual audience of the project has already exceeded one thousand industrial manufacture allies. The rating experts process more than five thousands large industrial companies in Russia; their combined profit exceeds 51% of the national Gross Domestic Product (GDP), and the combined staff is more than 5.5 million people.  The disclosed profit data and the average headcount per annum are used for the productivity calculation, and the companies’ data, their quarter and annual reports had become the rating basis.

The key economics branches leaders, award winners of tens of branch and regional nominations have got into the TOP-500. The results were published in Production Management website and in the special issue of the cognominal almanac, and they will be sent to the president administration, to the Russian government and to the regional authorities.

Vladimir DAUT, PJSC Metafrax General Director:

- For the company, the workforce productivity is not end in itself: we mount and operate the highly automated units of great capacity, they are served by several people. Our company is very advanced, and the term “pecuniary performance per one employee” is more suitable for us. So, in fifteen years, three urea-formaldehyde concentrate (UFC) units, two concentrated formalin and hexamine units have been put in operation, the methanol production capacity has grown to 1 million ton, but the maintenance staff wasn’t increased.

During the pentaerythritol production modernization, the process capacity had been doubled: the output volume had reached 24 thousand ton per year, but the pentaerythritol sector personnel had been insignificantly increased compared to the recent period, when 10 thousand ton of product were produced the shop. Currently, we are putting the natural gas partial oxygenation unit in operation in the methanol shop to increase the product output by 180 thousand ton per year. However, here, the staff remains to be the same.

According to our calculations, after 2020, after putting the Ammonia-Urea-Melamine (AUM) Complex into operation, the performance per one employee will be visibly increased. Besides the point, growth of the professional level of employees is also a step to the workforce productivity increasing, and in the company, we purposefully and actively work with this important matter.

16August
2017
“Metafrax” increases budget targets

The company summarized the results of the 1st half 2017

During the 1st half 2017, PJSC “Metafrax” produced the products with the overall cost of 9 billion 663 million rubles, that is 642 million rubles, or 7%, more than in the last year.

The finished production realization benefit has reached 9 billion 562 million rubles, that is more than in the last year by 702 million rubles or by 8%. The export share in the turnover was 42.0% against 32.1% according to the 1st half 2016 results.

The company’s social package was 80.3 million rubles.

In the 1st half 2017, the actual methanol production volume remained at the last year level, making 560 thousand ton. The UFC  production was 89 thousand ton. The pentaerythritol production volume was 667 thousand ton, exceeding 12 thousand ton.  The micronized pentaerythritol output was 531 ton (+50 ton or +10% by the 1st half 2016). The urotropin production made 28.5 thousand ton (+ 1.1 thousand ton, or +4%). The micronized urotropin output made 371 ton. (+214 ton or 136%). The packaged polyamide production made 410 ton (+43 ton, +12 by 2016). maintaining the last year level.

In the 1st half 2017, the investment volume made 2 billion 664 million rubles (+1 billion 32 million rubles or +102% to the 2016 level.  The company updated its railway park (new railway cisterns were purchased for the ethanol transportation)

The net profit gained by the company in the 1st  half 2017 made 3 billion 604 million rubles that is more than 2016 value by 1599 billion rubles, or by 80%.

Vladimir Daut, PJSC “Metafrax” General Director:

-Due to the product deficit in China in the 1st quarter, the good price environment on export methanol and profitable currency difference occurred. The company successfully finished the methanol production plan and budget targets.

In upcoming months, the market situation will remain extremely competitive. For compliance with sales obligations, we are going to optimize the revamping period of methanol unit.

Speaking about investment plans, a new unit of natural gas partial oxidation on methanol production is supposed to be put into operation in October.