ERJ staff report (DS)
Nizhnekamsk, Tartarstan -- A delegation of Thai Eastern Group (Thailand) headed by Mr. Somchai Kokanutaporn, the company founder, who was accompanied by Mrs. Sinenush Kokanutaporn, director of sales and exports, and Mr. Kittisakom, a representative of the Export-Import Bank of Thailand and Head of Business Development in Eastern Europe, visited the enterprises of OAO Tatneft petrochemical complex.
The outcome of the visit was signing of another direct pay contract allowing to bring external economic cooperation to a qualitatively new level. In case of the Nizhnekamsk tire complex this means further reduction of raw materials procurement costs for the production of motor vehicle tires.
The meeting was initiated by OOO Tatneft-Neftekhim Management Company in the framework of implementing the policy of Tatneft and its petrochemical business enterprises to enter direct pay contracts with producers of raw materials
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Press release from Tatneft