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Tomskneftekhim shut PE and PP production

September 07/2020

MOSCOW (MRC) -- Tomskneftekhim, a subsidiary of SIBUR Holding, started a scheduled shutdown for maintenance at its low density polyethylene (LDPE) and polypropylene (PP) production capacities on 2 September, according to ICIS-MRC Price report.

The plant"s representatives said the outage was scheduled and would last for about two weeks. The plant plans to modernize its polyethylene (PE) production by means of repairs.

Tomskneftekhim did not reduce output of its own products during the COVID-19 pandemic, said the plant"s CEO Andrey Kugaevsky in late June. There was no significant reduction in shipments of material to end consumers either, despite the temporary closure of the borders of certain countries and regions. At the same time, Tomskneftekhim postponed the shutdown for a turnaround from 15 June to 2 September due to the situation with the spread of coronavirus infection.

According to MRC"s ScanPlast report, Tomskneftekhim produced 23,200 tonnes of LDPE in July versus 23,700 tonnes a month earlier. The Tomsk plant"s overall LDPE output reached 160,660 tonnes in January-July 2020, up by 4.6% year on year (154,590 tonnes).

LLC "Tomskneftekhim" was opened after the transformation of TNHK in 2003. It is a subsidiary of PJSC SIBUR-Holding, which is one of the backbone enterprises of the Russian Federation. The size of Tomskneftekhim"s authorized capital was Rb6.5 billion in 2019, sales revenue - Rb13.2 billion, net profit - Rb1.9 billion.
Author:Margaret Volkova
Tags:PP, PE, LDPE, Sibur Holding, Tomskneftekhim, Russia.
Category:General News
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