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CITCO petrochemical trading company renamed to SIBUR International GmbH

September 14/2011

(Sibur) -- CITCO Waren-Handelsgesellschaft m.b.H trading company changed its name to SIBUR International GmbH. The companyís director, Victor Viehweg has been replaced by SIBURís Vice President for Corporate Governance and Development, Mikhail Mikhailov. The companyís new Executive Director is Ilya Gustchin, who previously held the post of Deputy Manager for Economics and Finance of the Plastics and Organic Synthesis Division.

SIBUR purchased a 100% stake in CITCO, a major liquefied petroleum gas trading company, in 2009 to expand its European marketing opportunities. The trading company has been renamed to facilitate further integration into the SIBUR system.

SIBUR International GmbH continues as SIBURís exports division responsible for supplying the holding companyís products to Europe and Asia. The company has storage facilities in Black and Baltic Sea ports which it uses to receive, hold and unload products.

Tags:Sibur Holding.
Category:General News
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