SIBUR raises elastomer volumes in H1

Moscow –  Sibur increased its elastomers production volumes by 11.3% year-on-year in the first six months of this year, the Russian petrochemicals major said in a first-half results statement.

On the back of improved demand,  sales volumes of elastomers at Sibur increased by 4.3% year-on-year to 238 thousand tonnes, added the 14 Aug announcement.

Overall revenues from sales of plastics, elastomers and intermediates for the period ended 30 June increased by 14.4% to RR76.2 billion (€1.1 billion),

The segment's sales increase was due mainly to a "favourable market environment" for elastomers, said Sibur.

Production of plastics, elastomers and intermediates came in 2.9% higher at  2,979 kilotonnes (kt), added the report.

Earnings (EBITDA)  at Sibur’s  Plastics, Elastomers & Intermediates segment in the first six months inched up 0.6% year-on-year.