Crain News Service report
MOSCOW (Oct. 5, 2015) — Sibur's synthetic rubber (SR) business has turned in a strong performance for the six months ending June 30, parent company OAO Sibur Holding said in its financial statement on Sept. 28.
Sales volumes of SR increased by 19.2 percent to 212.5 kilotons, the Russian group said. Production volumes increased 20.4 percent to 221,405 tons, as Sibur raised output of both commodity rubbers, specialty rubbers and thermoplastic elastomers.
Revenue from sales of synthetic rubbers increased by 29.2 percent on higher capacity load. This, it said, was due to improved economics on the Russian rouble depreciation and lower feedstock prices, as well as completion of product homologation with key clients.