Russia's Sibur reports higher 2009 petchem output, but sales down

26 January 2010 13:00  [Source: ICIS news]

MOSCOW (ICIS news)--Sibur produced 15m tonnes of petrochemical products in 2009, up 3% year on year, the major Russian petrochemical firm said in a statement on Tuesday.

In 2009, Sibur produced 1.993m tonnes of monomers, which was down 7% year on year; 597,000 tonnes of polymers (up 11%); 339,000 tonnes of synthetic rubber (down 29%); and 2.68m tonnes of mineral fertilizers (up 4.6%), according to the statement.

Sibur’s 2009 sales were Rb152.5bn (€3.59bn, $5.05bn), 12% down from Rb173.5bn in 2008, according to the company.

“Despite a sharp drop in demand and the subsequent shut down of some production facilities in early 2009, we managed to sustain positive production trends and continued funding investment projects,” Sibur CEO Demitry Konov said in the statement.

($1 = Rb30.11, $1 = €0.71)

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By: Sergei Blagov
+44 20 8652 3214



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