Russia's Sibur creates new unit to manage growing polymer business

04 April 2011 14:56  [Source: ICIS news]

MOSCOW (ICIS)--Russia's Sibur has created a new entity to manage its polymer business because of upcoming production growth, the petrochemical producer said on Monday.

A new directorate of base polymers has been put in place ahead of two major projects due to come on line next year, Sibur said in a statement.

The company is building a new 500,000 tonne/year polypropylene (PP) facility at the premises of Sibur's subsidiary, Tobolsk-Neftekhim, as well as a new 330,000 tonne/year PVC plant at Kstovo in the Nizhny Novgorod region.

In 2010, Sibur produced 592,000 tonnes of polymers, down 0.6% from the previous year, according to the company.

For more on Sibur visit ICIS company intelligence
For more on polymers visit ICIS chemical intelligence 

By: Sergei Blagov
+44 20 8652 3214

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