OOO Tatneft-Neftekhim Management Company acquired an additional 8.22% stake in PJSC Nizhnekamskshina.

Nizhnekamskshina PAO is a Russia-based company engaged in manufacture of tires. The Company manufactures tires for automobiles, light and heavy trucks, agricultural vehicles and loaders. Tires are used in the car factories of foreign manufacturers. The Company offers tires for various conditions: on-road, universal (all-season), winter season, off-road capability, quarry and others. Nizhnekamskshina PAO products general distributor is TD Kama OOO. The Company operates domestically, on the territory of Tatarstan republic. Nizhnekamskshina PAO products are destined for both domestic and foreign markets, including Ukraine, Belarus, Azerbaijan, Lithuania, among others. The Company’s major shareholder was UK Tatneft’-Neftekhim OOO.