Business Daily Media

Men's Weekly

.

SIBUR undergoing business transformation to focus on Russian market

MOSCOW, RUSSIA - Media OutReach Newswire - 22 March 2024 - In order to further develop industries that consume polypropylene, polyethylene and synthetic rubbers, SIBUR plans to transform its business management model starting in April 2024, transitioning 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 is going to create the following industry-based divisions instead:

  • Agribusiness
  • Recycling
  • Flexible Packaging
  • Rigid Packaging
  • Engineering and Transport Infrastructure
  • Healthcare
  • Oil and Gas Processing and Production
  • Consumer Goods
  • Construction
  • Transport
  • E-commerce and Partnerships

SIBUR's primary goal is to satisfy demand from Russian customers that are meeting the needs of socially important industries. The company has been consistently building up its capacities since 2014, more than doubling its production of core products in that time. Thanks to an intense R&D effort to develop its product line, SIBUR has been bringing innovative products to market every year to replace alternative solutions that are less eco-friendly and less energy-efficient, as well as to replace imports and to expand niches for the use of tried-and-tested products. These initiatives have enabled the company to facilitate growth in local production in various industries. In 2023 alone, SIBUR launched 27 new grades of petrochemical products with potential for sales of 111 thousand tonnes per year. Over the past 10 years, the consumption of polypropylene and polyethylene has increased by 35%. Thanks to SIBUR's efforts to boost demand for polymers and its customer support programmes, imports of polymers as well as finished products made from polymers have been consistently declining. Imports of polymers into the Russian Federation have decreased by more than 30% since 2014.

The gradual ramp-up to design capacity at the Amur Gas Chemical Complex and a new polypropylene production facility in Tobolsk (DGP-2), which is expected to begin operating in the next few years, will help further increase polymer consumption in Russia and facilitate the development of import substitution programmes for finished products made from the latest synthetic materials.

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

Russia has excellent potential when it comes to developing the use of polymer products. For example, polymers are used in 37% of packaging in the Russian Federation, while this figure reaches 50% on average in other countries. The use of polymer solutions in the housing and utilities sector in the Russian Federation is no higher than 40%; this figure is 85% in Europe. At the same time, per capita consumption of polymers in developed countries, such as Turkey (52 kg per capita), is ahead of consumption in the Russian Federation (30 kg per capita).

The transition to an industry-based model will expand opportunities 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 an array of projects aimed at developing a customer-oriented business model. It has a well-developed network of R&D centres that enable it to quickly find solutions in response to customer requests for support in launching new products and formulas. SIBUR's new model will enable 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.

News from Asia

HDBank: A Leading Vietnamese Bank Named Among ASEAN’s Top 5 in Corporate Governance for 2025

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 29 July 2025 - The Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank) has been named one of the Top 5 Vietnamese listed compani...

Octa market outlook: navigating one of the most eventful weeks of the year

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 July 2025 - Forex traders are bracing for what could be one of the most pivotal trading weeks of the year. The calendar is packed with high-im...

Lee Kum Kee Supports the 2025 Asian Championship of World Chinese Cuisine

Where culinary elites are brought together to celebrate Asian gastronomyHONG KONG, CHINA - Media OutReach Newswire - 29 July 2025 - The 2025 Asian Championship of World Chinese Cuisine, organised ...

OPPO Launches AI Phone Reno14 Series and Upgraded AI-Powered Intelligent After-Sales Service System

SHENZHEN, CHINA - Media OutReach Newswire – 29 July 2025 - Following the recent global launch of the Reno14 Series—the latest OPPO AI phone featuring cutting-edge AI imaging capabilities and trend...

Hong Kong Developed Revolutionary Sauce EXOTICA UMAMI [EX M] Impresses Acclaimed International Chefs

Top Italian Restaurateur Paolo Monti of Hong Kong’s popular AMA Italian Ristorante adds new pork collar meat dish to menu incorporating innovative new seasoning sauceHONG KONG SAR - Media OutReach...

Vinmec Central Park Performs Vietnam’s First SEEG using AutoGuide Robotic Guidance System for a child diagnosed from refractory epilepsy

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 29 July 2025 – A major breakthrough in Vietnam's neurological treatment was recently achieved as doctors at Vinmec Central Park Internati...

VinFast joins the Association of Indonesia Automotive Industries

JAKARTA, INDONESIA - Media OutReach Newswire - 25 July 2025 - VinFast officially announced its membership in the Association of Indonesia Automotive Industries (GAIKINDO), marking a significant mi...

XTransfer Announces Over 700,000 Global Customers

Emerging Markets Become the "Blue Ocean" for Enterprises Going GlobalHONG KONG SAR - Media OutReach Newswire - 29 July 2025 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border ...

Chun Wo Innovation Student Awards 2024 Successfully Concluded Four Outstanding Projects Showcase the Future of Engineering Innovation

HONG KONG SAR - Media OutReach Newswire - 29 July 2025 - Organised by Chun Wo Development Holdings Limited ("Chun Wo"), the Chun Wo Innovation Student Awards 2024 ("CWISA") concluded successfull...

HEIDELBERG agrees strategic partnership with defense specialist VINCORION

HEIDELBERG moves into defense industry VINCORION Advanced Systems GmbH specializes in power systems for safety-critical applications HEIDELBERG impres...

Small-Business Cash-Flow Playbook 2025

An educational guide to managing ATO debt, real-time super and growth finance in Australia’s new landscape Why ATO debt just became the most expe...

Landowners Offered $30,000 Per Year for Just 1 Hectare: The Rise of 5MW Battery Projects Across Australia

In a pivotal shift reshaping Australia’s renewable energy landscape, landowners in Queensland, New South Wales, and Victoria are being offered up ...

Major national security tech alliance launches with Aerologix a founding member

Australia’s leading drone intelligence pioneer bolsters sovereign tech power Australia’s leading aerial data and drone intelligence platform, Aer...

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Sell by LayBy