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    Home»Lifestyle»Media OutReach Newswire»SIBUR undergoing business transformation to focus on Russian market
    Media OutReach Newswire

    SIBUR undergoing business transformation to focus on Russian market

    Kevin LeBy Kevin LeMarch 22, 2024No Comments3 Mins Read
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    MOSCOW, RUSSIA – Media OutReach Newswire – March 22, 2024 – In order to further develop industries consuming polypropylene, polyethylene and synthetic rubbers, SIBUR plans to transform its business management model from April 2024, moving from a structure focused on product divisions to an industry-based model. To replace its Basic Polymers, Plastics and Organic Synthesis and Synthetic Rubbers divisions, the company will create the following industrial divisions:

    • Agribusiness

    • Recycling

    • Flexible packaging

    • Rigid packaging

    • Engineering and transport infrastructure

    • Health care

    • Oil and gas processing and production

    • Consumer goods

    • Construction

    • Transportation

    • E-commerce and partnerships

    The main goal of SIBUR is to satisfy the demand of Russian customers who meet the needs of socially important industries. The company has continued to build capacity since 2014, more than doubling its core product production during that time. Thanks to an intense R&D effort to develop its product range, SIBUR places innovative products on the market every year to replace less environmentally friendly and less energy-efficient alternative solutions, as well as to replace imports and expand the market niches. use of proven products. These initiatives have enabled the company to facilitate the growth of local production in various industries. In 2023 alone, SIBUR launched 27 new grades of petrochemical products with a sales potential of 111,000 tonnes per year. Over the past 10 years, the consumption of polypropylene and polyethylene has increased by 35%. Thanks to SIBUR’s efforts to stimulate demand for polymers and its customer support programs, imports of polymers as well as finished products made from polymers have steadily declined. Imports of polymers into the Russian Federation have decreased by more than 30% since 2014.

    The gradual increase in the nominal capacity of the Amur gas chemical complex and a new polypropylene production plant in Tobolsk (DGP-2), which is expected to come into operation in the coming years, will help to further increase consumption of polymers in Russia and will facilitate the development of import substitution programs for finished products made from the latest synthetic materials.

    SIBUR’s vision is to support the overall development of each petrochemical consuming industry, meet the growing demand and promote the use of high-tech materials.

    Russia has excellent potential for developing the use of polymer products. For example, polymers are used in 37% of packaging in the Russian Federation, while this figure averages 50% in other countries. The use of polymer solutions in the housing and utilities sector in the Russian Federation does not exceed 40%; this figure is 85% in Europe. At the same time, the per capita consumption of polymers in developed countries, such as Turkey (52 kg per capita), exceeds that in the Russian Federation (30 kg per capita).

    The transition to an industrial model will expand the possibilities for Russian manufacturers to sell their products by encouraging the use of domestic solutions, finding new niches for their use and.

    Over the past 10 years, SIBUR has carried out a series of projects aimed at developing a customer-oriented business model. It has a well-developed network of R&D centers which allow it to quickly find solutions in response to customer requests for support for the launch of new products and formulas. SIBUR’s new model will allow its customers to work alongside the company to test ideas and hypotheses for the development of product lines and applications.

    Hashtag: #SIBUR

    The issuer is solely responsible for the content of this announcement.



    Source: Media Outreach Newswire

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