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.`
Russia and Saudi Arabia will finalize several joint projects by the end of 2018, Russian Energy Minister Alexander Novak recently told journalists. The projects referred to see Saudi Aramco partner with Russain firms Sibur and Novatek. The Sibur plant plans centre on a particularly significantly sized rubber factory.
Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between Russian gas and petrochemicals company Sibur and India’s Reliance Industries Limited (RIL), has announced plans to establish southern Asia’s first halogenated butyl rubber unit at RIL’s integrated petrochemical facility in Jamnagar, India. Halogenated butyl is a key ingredient in the manufacture of tubless tyre inner liners.
Russian gas processing and petrochemicals company Sibur has announced that it will merge its Synthetic Rubbers Division and Plastics and Organic Synthesis Division into a single business unit. This will be known as the Plastics, Elastomers and Organic Synthesis Division. Pavel Lyakhovich, managing director of Sibur’s former Plastics and Organic Synthesis Products Division and member of the company’s Management Board, takes charge of the newly-merged division.
If the 8th Moscow Tires & Rubber show is anything to go by, the Russian tyre market looks set to continue its development as a growth market. While the show was marked by growing interest from exhibitors and visitors, the market itself has produced some generally optimistic data and has seen perceptions of the manufacturers’ market approaches improve. All this suggests that the Russian market will continue to develop into a very interesting tyre market, with a strong growth potential.