03 May 2011 16:10 [Source: ICIS news]
MOSCOW (ICIS)--Sibur has signed an agreement to sell a 100% stake in the Novokuibyshevsk Petrochemical Company to a group of Russian investors, the petrochemical major said on Tuesday.
The company did not fit Sibur's production structure because of its remote location from sources of feedstock supplies in western ?xml:namespace>
The Novokuibyshevsk Petrochemical Company, based in the Samara region of central
The sale, to a group of investors that controls acetone and phenol producer Samaraorgsintez, is part of Sibur's strategy to divest non-core assets and reduce the number of production facilities.
In February 2010, Sibur announced a sale of a 100% stake in OAO Kauchuk, an MTBE and synthetic rubber producer.
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