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

Sibur sells Plastik subsidiary to private investors

9:10 AM MST | January 10, 2014 | —Deepti Ramesh

Sibur (Moscow) says it has sold its 100% stake in the company’s Plastik (Uzlovaya, Russia) subsidiary to a group of private investors, for 575 million Russian rubles ($17.3 million). Plastik’s asset base includes styrene production capacity of up to 60,000 m.t./year; expandable polystyrene production capacity of up to 11,000 m.t./year; acrylonitrile butadiene styrene production capacity of 23,000 m.t./year; and separators and phenolic plastics production capacity of 6,380 m.t./year. Plastik also produces parts and components for the automotive...

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