Tatneft acquires Sibur synthetic rubber plant
Tatneft’s acquisition of Sibur’s petrochemical plant in Togliatti, Russia has been completed. This concludes the process initiated by the signing of an agreement of intent between the two parties at the end of August 2019.
Following the approval of the transaction by the Federal Antimonopoly Service of the Russian Federation on 3 October and its completion on 1 November, Tatneft takes ownership of former Sibur assets dedicated to the production of various types of synthetic rubber, specifically methyl tertiary butyl ether (MTPE), butadiene and isoprene. These rubbers are supplied to leading Russian and foreign companies for use in the manufacture of high-performance tyres
Tatneft expects that the completion of the transaction will allow it to satisfy demand for primary synthetic rubber types within its Kama Tyres business. Following the acquisition, Tatneft plans to integrate the acquired asset into its manufacturing and product supply chains and to continue the production development within the framework of its petrochemical strategy. Sibur will remain one of the acquired plant’s key manufacturing partners.