30 Oct 2019
Russian petrochemicals group has seen sales of its elastomer products decline in the third quarter of 2019
Moscow – Russian petrochemicals firm Sibur Holding has reported a decline in the sales of its elastomer products in the third quarter of 2019.
Sales of elastomers stood at RUB13.1 billion (€184 million) for the three months to end of September, down from RUB14.2 million the year before.
Over the nine-month period, sales of elastomers fell 4.5% to RUB40 billion.
Sibur produced 382 kilotonnes of elastomers during the nine months to end of September, up 3.3% compared to the year before.
Production included 236.7kt of commodity rubber, 83.1kt of speciality rubber and 62.6kt of thermoplastic elastomers.
Sibur’s elastomers units fall within its plastics, elastomers and intermediates segment, which posted a 40% decline in earnings (EBITDA) to RUB16.2 billion.
The group linked mainly to lower MTBE volumes and negative price dynamics across product group over the first nine months. of the year.
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