Krasnoyarsk Synthetic Rubber Plant to undergo €52.6m upgrade

08 June 2010 10:56  [Source: ICIS news]

MOSCOW (ICIS news)--Russia's Krasnoyarsk Synthetic Rubber Plant is to receive Russia roubles 2bn (€52.6m) in funding to increase its nitrile butadiene rubber (NBR) production capacity, the municipal government said on Tuesday.

An investment programme from 2010-2014 would see the privately owned plant increase its NBR capacity to around 56,000 tonnes/year from the current 36,500 tonnes/year, the authority said in a statement.

The funding will come from undisclosed private sources.

The Krasnoyarsk Synthetic Rubber Plant, based in the Krasnoyarsk region, Central Siberia, used to produce 100,000 tonnes/year NBR before the Soviet Union collapsed in 1991. However, due to the general economic downturn that followed, some two thirds of its synthetic rubber capacity has since remained idle.

($1 = Rb 31.82; €1 = Rb 38.02)

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