Russia's Sibur sets ambitious goals for China with NBR, IIR

ERJ staff report (EPN)

Russian petrochemical giant Sibur has announced plans to 'significantly' increase sales to the Chinese market this year - by 5-7 percent.

The company says it will focus on increasing sales of polyethylene, butadiene-acrylonitrile rubbers and butyl rubber. At present the bulk of sales of Sibur in China are plastics, caprolactam and synthetic rubber.

Last year, sales to China totaled euro 312m, 14 percent of Sibur's total. In the mid term, Sibur hopes to increase sales to China by 20 percent.

Vice president Oleg Makarov says the company will sell most of its range through its own Shanghai-based company, Citco Trading, which was established by Sibur last year.

The company will also supply PP from its Tobolsk-Polymer company to China from 2013.

Sibur has not ruled out the possibility of building its own production capacities in China in cooperation with local petrochemical and plastics producers, and is in talks with several large state-owned firms.

The majority of production will be sold within the Chinese market.

From European Plastics News (A Crain publication)