MOSCOW (MRC) -- SIBUR's revenue increased by 5.2% year-on-year to RR 380 billion, while revenue adjusted for trading operations via the Ust-Luga transshipment facility ceased in 2015, increased by 18.9%, said the company on its site.
Company's revenue from sales of plastics and organic synthesis products increased by 39.3% year-on-year to RR 63.7 billion. SIBUR also increased our revenue from sales of basic polymers by 32.6% year-on-year to RR 50.9 billion following an increase in the average capacity utilisation rate of our polypropylene production in Tobolsk. SIBUR's revenue from sales of synthetic rubbers increased by 26% year-on-year to RR 35 billion on the back of improved market environment. In 2015, revenue from sales of petrochemical products increased by 32.7% year-on-year to RR 175.8 billion.
SIBUR's adjusted profit decreased by 9.9% year-on-year to RR 62.4 billion.
In 2015, the company's capital expenditures increased by 17.9% year-on-year to RR 84.4 billion. SIBUR's Board of Directors has approved the 2016 capital expenditures budget in the amount of RR 147.5 billion7. The increase is attributable to the start of the implementation of ZapSibNeftekhim project. As MRC informed before, SIBUR launched construction of ZapSibNeftekhim,a facility for deep hydrocarbon to polyolefin processing, on 17 February 2015.
In 2015 SIBUR’s gas processing plants (GPPs) processed 21.5 billion cubic metres of APG, an increase of 3%1 year-on-year. As a result, production of natural gas rose by 2.4%1 year-on-year to 18.5 billion cubic metres. Raw NGL fractionation volumes increased by 23.1% year-on-year to 7.8 million tonnes following the capacity expansion in Tobolsk.
Natural gas sales volumes increased by 10.1% year-on-year to 17.6 billion cubic metres. External LPG sales volumes increased by 23.1% year-on-year to 4.3 million tonnes.
In 2015 SIBUR increased sales volumes of all types of petrochemical products. Production volumes of polypropylene increased by 30.6% year-on-year to 516 thousand tonnes. Sales of plastics and organic synthesis products increased by 17% year-on-year to 921.6 thousand tonnes. Sales of synthetic rubbers increased by 14.2% year-on-year to 411.1 thousand tonnes largely attributable to improved economics for commodity and specialty rubbers, completion of continued thermoplastic elastomers homologation with key clients by the end of 2014, and respective increase of export sales. The sales of intermediates and other chemicals increased by 22.4% to 549.8 thousand tonnes following the expansion of the production facilities of the Group.
SIBUR is a 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. SIBUR operates 26 production sites in various regions of Russia. The Group employs 26,000 people. The Company sells its products to over 1,400 major customers engaged in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 70 countries worldwide.