Russian chemical major Sibur has had to endure collapsing domestic demand in Russia, like all its peers. In an interesting presentation (see below), given by Viktor Viehweg, the company’s head of strategic development, he reveals the threats and opportunities posed by the crisis (see slide page 9).
Sibur is threatened by falling demand for products, negative margins, increasing international competition on the domestic market and lack of available financing. Opportunities include competitiors cutting their investment plans, low priced acquisitions and lower engineering costs.
Viehweg was interviewed by ICIS Chemical Business journalist, Anna Jagger, during February’s Global Petrochemical Conference in Vienna organised the World Refining Association. I’ll post the article when it is published.