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Russian companies are investing more in PP conversion

July 13/2011

MOSOW (MRC) -- During the five months of 2011 polypropylene (PP) goods production capacities in Russia grew by 120 KTa, according to MRC DataScope: Equipment.

 

Russian companies are investing more in PP conversion

 




Significant growth of capacities was in IM goods sector - about 35 KTa per year, says Olga Sinelnikova, the analyst of MRC. PP pipes production capacities in 2010 grew by 50 KT, for January-May by 8.5 KT. PP sheet and film production capacities grew by 21 and 14 KTa respectively.

Setting up production sites of foreign companies such as Opel, PSA Peugeot Citroen, Mitsubishi Motors, Mazda and localization requirements promoted production development of car components. According to MRC Annual report Polypropylene in Russia 2011: IM  capacities gain in this sector made 24.5 KT in 2010. There are two biggest investors in the sector in 2011 Krista and Avtoframos. Schlemmer is establishing new car components production in Russia. Nizhnekamskneftekhim plans to launch car components productions in SEZ Alabuga.

 

Compared to 2010, PP market grew by 22% to 783 KT in Russia, according to MRC Annual report Polypropylene in Russia 2011. PP production made 585 KT (+4%). There was a sharp deficit of raw material in the market, which absorbed by rapidly increasing imports. At the end of the year import made record 200 KT.

 

mrcplast.com

Tags:PP, ABS, film, Avtoframos, Nizhnekamskneftechem.
Category:General News
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