SIBUR has updated its Articles of Association and now has two single-member executive bodies, namely Chairman of the Management Board of SIBUR Holding and CEO of SIBUR.
Moody’s has assigned a Baa3 long-term issuer rating to SIBUR, with a stable outlook. It is in line with the agency’s country ceiling and exceeds Ba1, Russia’s current sovereign rating.
SIBUR has launched a terephthalic acid production upgrade at the POLIEF Blagoveshchensk site to expand its annual capacity to 350,000 tonnes. The project seeks to improve the site’s production efficiency and environmental safety.