Sibur elastomers business up

Moscow – Russia’s Sibur increased its year-on-year elastomers production 8.6% in 2016, with sales volumes up 7.6% at 442 kilotonnes (kt).

The company said in its annual financial report that elastomer sales rose from RR35 billion (€458 million) in 2015 to over RR39 billion, thanks to higher capacity load.

TPE production rose 26.5% year-on-year to 73.3 kt, while commodity rubbers production increased 4.9% to 269.3 kt. Additionally, Sibur said, speciality rubbers production was up 7.7% at 102 kt.

Sibur merged its synthetic rubbers and plastics and organic synthesis divisions into a single business unit named Plastics, Elastomers and Organic Synthesis Division in April 2016.

The segment revenue in total increased by 2.1% to RR 130.7bn (€2.09bn) due to higher elastomers revenue on higher capacity load.

Sibur’s annual production of synthetic rubber is around 400,000 tonnes and includes polybutadiene rubber, styrene-butadiene rubber and styrene-butadience block copolymers.