At the extraordinary meeting on 26 December, the shareholders of PJSC SIBUR Holding elected new members to the Board of Directors.
SIBUR and Sberbank CIB have signed a five-year non-revolving credit facility agreement for RUB 42 bn. The funds are to be used for general corporate purposes.
BIAXPLEN, part of SIBUR, a leading Russian petrochemical company, has launched a new type of biaxially oriented metallised heat sealable film. The technology used in the production of the new film (HMIL.M grade) allows consumers to apply printing within 30 to 45 days after the manufacturing date, while the previous technology limited the guaranteed printing period to 15 days.
BIAXPLEN, part of SIBUR, a leading Russian petrochemical company, has expanded its export supplies of biaxially-oriented polypropylene (BOPP) film to the European market. The first lots of BIAXPLEN products have been shipped to Spain and Bosnia and Herzegovina.
SIBUR Holding changes its registered office and form of incorporation to a public joint stock company. After the reregistration, the Group's holding company will be located at the Tobolsk production site (Block 1, number 6 Bld. 30, Vostochny Promyshlenny Raion, Tobolsk, Tyumen Oblast).
Rosneft and SIBUR have signed a long-term partnership agreement for the development, testing and implementation of lubricants and other oil products.
Oleg Kozhemyako, Governor of the Amur Region, and Pavel Lyakhovich, Member of the SIBUR Management Board and Managing Director, have signed a cooperation agreement between the Government of the Amur Region and the petrochemical holding.
Based on completion of the FEED contracts and assessment of the design documentation, SIBUR proceeds with the ZapSibNeftekhim project. With the project moving on to the next stage, SIBUR's Board of Directors has approved increased funding for the project in 2014, with overall capex budget for 2014 increasing from RUB 53 bn to RUB 74 bn.
SIBUR has received notification that Yauza 12 has acquired 17% in SIBUR Holding, previously beneficially owned by entities under control of Gennady Timchenko. Yauza 12 is wholly owned by Kirill Shamalov, Deputy Chairman of the Management Board of SIBUR.
In late August, SIBUR signed a long-term contract with a Chinese customer for regular liquefied petroleum gas (LPG) supplies to the growing Chinese market.