MAY 2003

MAY 2003

The meeting with Kuchuksulphate JSC and HENKEL took place on 26th of May in Moscow; participants agreed on more global and mutual cooperation in export of sodium sulphate and other raw materials for HENKEL’s factories.

ChemPartners start cooperation with GAK TITAN (Ukraine) as a new line within project of paint industry supplies; first shipments of titanium dioxide will be done to India where ChemPartners’ positions are traditionally strong.

A new Russian resident company – JSC Chemical Partners - is incorporated within Proimpex holding. After long analysis and negotiations it was decided to open account with CITIBANK Russia(100% owned by CITICORP, USA). We hope that steady growth of turnover and our strong orientation to western business principles will give base enough to obtain credits and develop other mutual projects with CITIBANK.

Results of pigments testings were received from Institute of Organic Pigments (Moscow) as well as from customers’ laboratories; in general phthalocyanine pigments (Beta Blue 15:3, Green 7) produced by SHRI CHLOCHEM were found conforming to equal grades of BASF in terms of main parameters.





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