Sibur to restructure tyre business prior to sale — report

Moscow–SIBUR has reportedly said it is in the process of restructuring its tyre activities with the aim of attracting an external investor. According to a report in the Kommersant paper, Sibur intends to transfer all its shares in tyre companies to its 100 percent subsidiary, Sibur Russkie Shiny. SRS has previously been responsible for distribution and sales of Sibur-made tyres within Russia

Sibur made about 15.1 million tyres in 2004, with 100 percent ownership of the Uralsky tyre company; over 80-percent in Omsk Tire and Volzhsky…

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