Sibur rubber sales up 35 percent

Moscow, Russia – Integrated gas processing and petrochemicals company Sibur has reported a 35.1-percent year-on-year increase in first-quarter sales at its synthetic rubber business to RR9,104 million (€148.3 million).

 The revenue gains were partly due to higher capacity load on collapsed feedstock pricing and Russian rouble depreciation, the Russian group reported in a trading update for the three months ended 31 March.

 The rubber business, said Sibur, also benefited from “completed homologation with key clients for thermoplastic elastomers; a 16.0% increase year-on-year in commodity rubber sales volumes; and a 25.3 percent increase year-on-year in thermoplastic elastomers sales volumes.”