Sibur elastomers revenues down despite higher volumes

Moscow – Russian petrochemicals supplier Sibur has posted a 5.5% year-on-year decline in revenue from elastomers in the first half of 2018, despite an increase in sales volumes.

Elastomers revenue stood at RUB25,986 million (€340 million) in the first six months of the year, compared to RUB27,488 million the year before, a company spokeswoman told ERJ 8 Aug.

The decline was attributed to a 9.2% decrease in the effective average selling price, against high comparatives of last year, and despite a 4.2% increase in sales volumes.

The increase…

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