MOSCOW (MRC) -- Pavel Lyakhovich was appointed Managing Director and Head of SIBUR’s Plastics and Organic Synthesis Products Division, effective from 15 January 2014, reported the company on its site.
Prior to this appointment, he served as Director of SIBUR's Plastics and Organic Synthesis Products Division in charge of the ethylene and styrene business.
Mr Lyakhovich succeeded Sergey Merzlyakov, who had decided to pursue his career outside the company. Mr Lyakhovich was also elected to OOO SIBUR's Management Board, while Mr Merzlyakov resigned from the Board.
Lead by Mr Merzlyakov, the company's Plastics and Organic Synthesis Products division has carried out substantial work to strengthen SIBUR's market position and increase production efficiency. Under his leadership, the Division made several successful acquisitions, constructed two expandable polystyrene production lines in Perm, and launched a new BOPP-film production facility in Tomsk. Currently, SIBUR continues to execute several major investment projects in an effort to further modernize production and enhance competitiveness of this business segment.
As MRC wrote previously, in late December 2013, SIBUR sold its 100% stake in OJSC Plastik (Uzlovaya, Tula Region, Russia) to the group of private investors. The deal value totalled RUB 575 million. Production of geosynthetics (geogrids and nonwoven geotextiles), spinned off as OOO Plastik-Geosintetika (a joint venture between SIBUR and Leader Innovations Closed-End Venture Capital Fund) in 2010, was not included in the transaction and continues to operate as part of SIBUR Group.
SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry. As well as thermoplastic elastomers for the road construction sector, SIBUR also produces polymer-modified geosynthetics.
MRC