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Sibur’s 2007 Income Increases

9:30 AM MDT | April 8, 2008 | Chemical Week Editorial Staff

Konov: State-of-the-art facilities planned. Sibur (Moscow), a Gazprom subsidiary, reported full-year 2007 net income up 4%, to rubles22.3 billion ($944 million), on sales up 17%, to rubles142.7 billion. Operating income improved about 3%, to rubles28.9 billion. “These results show a strong financial performance,” says Sibur president Dmitry Konov. “However, to maintain our growth we will be focused on increasing the efficiency of existing production sites and on the construction of new state-of-the-art...

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