BIAXPLEN has acquired a 50% stake in the European BOPP film producer Manucor S.p.A.
SIBUR has joined the United Nations Global Compact – the organisation’s most prominent global business initiative for corporate social responsibility and sustainable development.
SIBUR and Tatneft signed a letter of intent with respect to Togliatti-based petrochemical facilities. Under the deal, SIBUR plans to sell and Tatneft plans to acquire certain production and other assets that are currently registered in the name of SIBUR Togliatti and Togliattisintez legal entities.
Standard & Poor’s has assigned SIBUR its long-term issuer credit ‘BBB-’ rating. The outlook is stable.
SIBUR’s Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one currently in Russia.
Fitch Ratings has upgraded SIBUR’s long-term issuer default rating (IDR) to ‘BBB-’ from ‘BB+’. The Outlook is Stable.
SIBUR and Sinopec signed a number of agreements concerning the production and sale of petrochemicals.
SIBUR Holding and China Petroleum & Chemical Corporation (Sinopec) signed a Term Sheet for a potential joint venture (JV) that could be based at Amur Gas Chemical Complex (AGCC).
SIBUR and the Silk Road Fund entered into an agreement to enhance cooperation. The signing ceremony was attended by Xi Jinping, President of the People's Republic of China, and Vladimir Putin, President of the Russian Federation.
SIBUR, the largest integrated petrochemicals company in Russia, and Norner, a global leader in petrochemical R&D services, have signed an agreement to cooperate in product development and polymer recycling at SIBUR’s PolyLab.