TAIF, Group of Companies

About the Company

It was founded in 1995. The name stands for Tatar-American Investments and Finance.

Activity

The company controls the following large enterprises, together providing more than 90% of the output of the chemical, petrochemical and oil and gas processing industries of Tatarstan:

Chemistry, petrochemicals and oil and gas processing:

• TAIF-NK;
• OAO Nizhnekamskneftekhim;
• OJSC Kazanorgsintez;
• OJSC "Chemical Plant named after L.Ya. Karpov";
• OJSC TGK-16.

Investments and Finance:

• TAIF-Invest;
• Telecom Management;
• TAIF-Finance.

Telecommunications and Mass Media:

• Television and Radio Company "New Century."

Services, Trading:

• Karsar LLC;
• OJSC Kekin House.

Construction:

• TAIF-ST LLC;
• SPO KAZAN LLC;
• Kamgeploenergostroy LLC;
• OJSC "NMU-3";
• Kazan Plant of Silicate Wall Materials LLC;
• CJSC "Plant of reinforced concrete structures."

History

2023: Energy Company Purchase TGK-16

Sibur sold TAIF to the TGK-16 energy company. This became known on May 2, 2023. The financial terms of the transaction were not disclosed. Read more here.

2021: Association with Sibur

At the end of April 2021, the two largest oil and gas chemical companies in Russia - Sibur and TAIF - announced a merger. Under the terms of the agreement, a company will be created on the basis of Sibur Holding PJSC, in which the current shareholders of TAIF JSC will receive 15%. In exchange, they will transfer a controlling stake in TAIF (50% plus 1 share) to the new company, and the remaining shares in them can also be redeemed by the combined company.

As reported in a press release, the creation of a combined company will allow you to do the following:

• increase the stability of its petrochemical business and competitiveness in the global market;
• create additional opportunities for the growth of the Russian oil and gas chemical industry, taking into account its high capital intensity, further growth of chemical non-resource exports;
• Create new jobs
• To open up new opportunities for solving issues of sustainable development and ecology.

The two largest oil and gas chemical companies in Russia - Sibur and TAIF - are united

After the completion of all investment projects under implementation, the combined company will enter the top 5 global leaders in the production of polyolefins and rubbers, the message says. At the end of 2020, the TAIF group accounted for 64% of rubber production in Russia and 28% of plastics. The combined company will produce 8 million tons of polyolefins and 1.2 million tons of rubbers per year.

The combined company will ensure the effective distribution of raw materials flows required for full capacity utilization and further development of the petrochemical cluster in Tatarstan, as well as continue to finance the approved investment program of TAIF JSC, the development of the group's assets, and maintain the accumulated TAIF experience in business management and human capital of the group's enterprises.

The parties did not disclose the full list of TAIF assets that will enter the transaction.^[1]

Notes