MOSCOW (MRC) -- SIBUR and Netkanika signed a strategic cooperation agreement aimed at facilitating the export of polypropylene nonwoven materials produced by Netkanika from SIBUR’s polypropylene, said the company.
In February 2019, SIBUR and the Russian Export Center (REC) launched Export Accelerator, a joint educational initiative to enhance client export potential and expertise in foreign economic affairs. The participants completed their training with individual product export and foreign market expansion cases, learning to roll out and scale up their export initiatives going forward. The participants included eleven SIBUR's clients in polymer processing that seek to boost overseas sales or show strong potential for entering international markets.
SIBUR produces a wide range of polypropylene grades, including feedstock for nonwovens finding application in hygiene and healthcare, such as baby and adult hygiene products and medical goods for body and skin contact uses.
"SIBUR consistently cultivates the demand for modern polymer products. The agreement with Netkanika will foster the export of high-quality polypropylene nonwoven materials to the markets outside Russia and the Customs Union,” said Sergey Komyshan, member of SIBUR’s Management Board and Executive Director.
"Our nonwovens for body and skin contact application are produced with the highest quality feedstock,” said Andrey Zimin, General Manager of Netkanika LLC. “The new strategic agreement between Netkanika and SIBUR is sure to kick-start Netkanika’s export sales."
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. Meanwhile, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.
SIBUR is the largest integrated petrochemicals company in Russia. The Group sells its petrochemical products on the Russian and international markets in two business segments: Olefins & Polyolefins (polypropylene, polyethylene, BOPP films, etc.) Plastics, Elastomers & Intermediates (synthetic rubbers, EPS, PET, etc.). SIBUR’s petrochemicals business utilises mainly own feedstock, which is produced by the Midstream segment using by-products purchased from oil and gas companies. More than 26,000 employees working in SIBUR contribute to the success of customers engaged in the chemical, fast moving consumer goods (FMCG), automotive, construction, energy and other industries in 80 countries worldwide. In 2018, SIBUR reported revenue of USD 9.1 billion and adjusted EBITDA of USD 3.3 billion.
MRC