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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Sibur Completes Divestment of Its Tire Business

7:14 AM MST | February 10, 2012 | Sotirios Frantzanas

Sibur (Moscow) has completed the sale of its tire business, Sibur-Russian Tyres (SRT), to a group of investors including Vadim Gurinov—former CEO of Russia’s largest tire manufacturer—and the SRT management. SRT sold two manufacturing operations in a restructuring that preceded the company’s sale. Those operations are Sibur-Volzhsky, a producer of synthetic fibers, and Volzhsky Nitrogen and Oxygen Plant, which specializes in commercial-grade gas production. The plants were acquired by CJSC Gazprom Stroy TEK Salavat (Salavat, Russia) and...

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