Russia's SIBUR establishes polypropylene trading groups in Turkey, Ukraine
Russia-based petrochemicals major SIBUR has registered two new subsidiary companies in Turkey and Ukraine to specialize in the trading of polymers, the company confirmed on Monday.
SIBUR International Trading Istanbul and SIBUR International Trading Kiev, with offices in the respective capitals, will trade in basic polymers, according to Russian officials.
Turkey is one of the global leaders for polypropylene consumption. As planned, SIBUR International Trading Istanbul will sell the polypropylene produced by the new Tobolsk-Polymer Complex upon its commissioning.
Meanwhile, Ukraine is one of the largest markets of polyethylene and polypropylene in the CIS. SIBUR International Trading Kiev will sell the polypropylene produced by Tomskneftekhim and Tobolsk-Polymer.
The major polypropylene consumers in Turkey and Ukraine are polypropylene big bag and woven bag, rug, BOPP film, non-woven fabric and compound manufacturers.
Officials said the new trading arms will enhance SIBURs flexibility in adjusting to clients needs, give the company extra competitive edge in strategic markets, and increase sales through access to end consumers.
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