10 June 2004 08:53
VORONEZHSINTEZKAUCHUK TO PAY 20-RUBLE DIVIDENDS FOR 2003
VORONEZH. June 10 (Interfax) - The stockholders in rubber producer Voronezhsintezkauchuk voted at their June 9 annual
meeting for dividends of 20 rubles per common share of stock to be paid for 2003, company management told Interfax.
Company net profits came to around 1 million rubles in 2003. Voronezhsintezkauchuk paid no dividends for 2002 due to
it turning no net profits.
The stockholders endorsed the company's annual report and elected a nine-seat board of directors with eight
Sibur representatives and one from Voronezhsintezkauchuk. PAKK Audit will be the company's auditor for this
year.
Voronezhsintezkauchuk increased product output 20% to 204,000 tonnes in 2003.
The company plans to spend 400 million rubles on technical re- outfitting and industrial safety. This year's
business plan includes reconstruction work so the company can set up production of new kinds of rubber under its
'Zelenaya shina' program, for which some 100 million rubles has been earmarked.
Voronezhsintezkauchuk produces roughly 20% of the rubber made in Russia, exporting over 40% of its output to 25
countries. Siberian Urals Petrochemical and Gas Company (Sibur) and its affiliates control more than 90% of the
company's stock.
Voronezhsintezkauchuk's charter capital is 265.12 million rubles split into 331,400 common shares with par value
of 800 rubles.
[Interfax] |
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