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The Metafrax Chemicals company was placed under the management of Roskhim, JSC

The Metafrax Chemicals company was placed under the management of Roskhim, JSC

On January 31, 2024, the extraordinary general meeting of shareholders of Metafrax Chemicals, JSC decided to place the powers of the sole executive body of Metafrax Chemicals, JSC under the management of Roskhim, JSC since February 1, 2024.

In accordance with the decision of the extraordinary general meeting of shareholders, the person entitled to act on behalf of Metafrax Chemicals, JSC without a power of attorney is Rokhim, JSC represented by its General Director, Eduard Davydov. Albert Khudaibirdin was appointed as Managing director for production of Metafrax Chemicals, JSC.

The powers of Metafrax Chemicals, JSC as a management organization in relation to its subsidiaries included in the Metafrax Group will be carried out.

The Roskhim company emphasized that it is aimed at ensuring the further successful implementation of the production and investment plans of Metafrax Chemicals, JSC. The company will continue to fulfill its obligations to counterparties, creditors and employees.

Joint Stock Company Roskhim is a modern, dynamically developing management organization that accumulates under its guidance a number of chemical production facilities on a cluster basis. The priority of the company is the technological development of advanced production to strengthen the Russian chemical industry on the world stage.

Metafrax Group is a multipurpose modern industrial holding company specializing in the gas chemical industry, one of the largest producers of methanol and its derivatives in Russia. It produces more than 12 types of chemical products, including formaldehyde, paraformaldehyde, hexamine, pentaerythritol, urea-formaldehyde concentrate, urea, melamine, sodium formate, as well as synthetic resins for a wide range of applications. The group’s production facilities are concentrated in the Metafrax Chemicals companies (large- and medium-scale chemicals) and Metadynea (synthetic resins). Production sites are located in the Perm Territory (Gubakha) and the Moscow region (Orekhovo-Zuevo). The group also includes the Metafrax Trading Company (Perm), the MetaTransStroy construction company, the Metafrax-Inform IT Company and the Metafrax Engineering and Technology Center. The total number of employees of the holding is more than three thousand people.