12 September 2013 15:00 [Source: ICIS news]
LONDON (ICIS)--SIBUR on Thursday announced it has signed a long-term cooperation memorandum with German chemicals major BASF for the supply of additives used for polymer production and processing at the Russia-based petrochemicals firm’s production facilities.
Financial details of the agreement, which was signed by SIBUR managing director Oleg Makarov and Sergey Andreev, head of BASF in Russia and Commonwealth of Independent States (CIS), were not disclosed.
The deal provides for supplies of additives used to produce polypropylene (PP), polyethylene (PE), synthetic rubbers, thermoplastic elastomers (TPE), and acrylonitrile butadiene styrene (ABS) plastics at SIBUR's production facilities.
BASF will also provide technical support as part of the agreement.
“SIBUR is continuously working to improve the quality of its products to better serve its customers’ needs,” Oleg Makarov said. “It’s wealth of experience and technical expertise in this segment will contribute to further quality improvements of SIBUR’s products.”
“As part of its new strategy in the Russian and CIS markets, BASF is keen to step up its presence in the region including through joint projects with its customers,” Sergey Andreev said.
SIBUR also said it plans to collaborate with BASF to develop advanced materials with a view to improve the properties of elastomers and thermoplastic elastomers.
“Additionally, there is a project in progress for SIBUR’s production of a new polypropylene product for nonwoven fabrics. Potential use of customer specific blends by BASF, which boost production efficiency and consistency of product quality, is under discussion,” the company added.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections