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SIBUR acquires the only acrylic acid producer in Russia and the CIS

July 28/2011

(SIBUR) -- SIBUR has bought JSC Acrylate - the only CIS-based producer of acrylic acid and its esters - from ATEK Group. JSC Acrylates production site is located in the eastern industrial area of Dzerzhinsk, Nizhny Novgorod region, and is just 2km from SIBURs facility, which provides JSC Acrylate with its basic raw material propylene.


The production capacity of JSC Acrylates plant is 25 KTa of ester grade acrylic acid, 36 KTa of heavy esters (butyl acrylate) and 10 KTa of light esters (methyl and ethyl acrylate).


The acquisition of JSC Acrylate will help acceleratedevelopment of the market for acrylic derivatives in Russia and the CIS. We, together with our partners, are considering the possibility of increasing the output capacity and expanding the processing of products by JSC Acrylate, said Valery Andosov, Head of the Project Office for Specialty Chemicals and Polymers at SIBUR.


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Tags:propylene, Sibur Holding.
Category:General News
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