Market dynamics buoy Sibur rubber business

Moscow – Sibur’s synthetic rubber segment has posted strong results for the first nine months of 2016, with sales showing an 11.4% rise at 29.6 billion ruble (€427 million).

The higher sales were achieved on the back of completed homologation of thermoplastic elastomers (TPEs) with key clients, explained Sibur in a statement provided to ERJ.

Also, production increased during the said period due to “shorter maintenance shutdowns”, the statement added.

Furthermore, the effective average selling price for commodity rubbers was supported by the Russian ruble depreciation and local…

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