Russia's Togliattikauchuk to double investment in plant upgrades

14 May 2010 10:46  [Source: ICIS news]

MOSCOW (ICIS news)--Russia's Togliattikauchuk is to double investment to upgrade its production facilities this year, the synthetic rubber manufacturer said on Friday.

In 2010, the company will invest Russia roubles 500m ($16.7m; €13.3m) to increase its butyl rubber capacity by some 20% to 53,000 tonnes/year, it said in a statement.

In the first quarter of 2010, Togliattikauchuk produced 43,000 tonnes of synthetic rubber, more than double the volume produced in the same period last year as its plant had been partially shut down in the early part of 2009, the company said.

Togliattikauchuk, based in Samara region, Central Russia, has more than doubled its synthetic rubber capacity from the 124,000 tonnes/year it could produce in 1999. A subsidiary of Russia's petrochemicals holding Sibur, Togliattikauchuk exports some 85% of the synthetic rubber it produces.

($1 = Rb 30.01; €1 = Rb 37.71)


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