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SIBUR set up trade company in China

September 17/2010

SHANGHAI (SIBUR) -- SIBUR, the largest petrochemical holding company in Russia and Eastern Europe, has opened a Chinese trading company Citco (Shanghai) Trading Co., Ltd. The new company, registered in China, will be located in Shanghai and will deal with sales of petrochemical products with payments in the Chinese currency (yuan).


Until now exports of SIBUR's products to China were coordinated through the Shanghai branch of the corporate trading company CITCO (Austria), with payments in U.S. dollars.


The SIBUR product portfolio includes liquefied petroleum gases, synthetic rubbers, plastics, fertilizers and liquid chemical products. Total SIBUR sales in China in 2009 amounted to more than 350,000 tons of petrochemical products with a value of around $500 million. In particular, more than 175,000 tons of plastics, more than 71,000 tons of caprolactam, more than 53,000 tons of liquid chemical products, and more than 47,000 tons of synthetic rubber were sold. 


SIBUR Vice-President Sergey Merzlyakov is going to participate in the Russian Polymers Summit on October 14, 2010 organized by ICIS and MRC. For more information please refer to Summit official web page.

SIBUR founds a trading affiliate in China














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