SIBUR to transform its business management model in April 2024

SIBUR to transform its business management model in April 2024

Undergoing business transformation to focus on Russian market

  • By ICN Bureau | March 23, 2024

In order to further develop industries that consume polypropylene, polyethylene and synthetic rubbers, SIBUR plans to transform its business management model starting in April 2024, transitioning from a structure focused on product divisions to an industry-based model.

To replace its Basic Polymers, Plastics and Organic Synthesis, and Synthetic Rubbers divisions, the company is going to create the following industry-based divisions instead: Agribusiness, Recycling, Flexible Packaging, Rigid Packaging, Engineering and Transport Infrastructure, Healthcare, Oil and Gas Processing and Production, Consumer Goods, Construction, Transport and E-commerce and Partnerships.

The company has been consistently building up its capacities since 2014, more than doubling its production of core products in that time. In 2023 alone, SIBUR launched 27 new grades of petrochemical products with potential for sales of 111,000 tonnes per year.

The gradual ramp-up to design capacity at the Amur Gas Chemical Complex and a new polypropylene production facility in Tobolsk (DGP-2), which is expected to begin operating in the next few years, will help further increase polymer consumption in Russia and facilitate the development of import substitution programmes for finished products made from the latest synthetic materials.

SIBUR’s vision is to support the comprehensive development of every petrochemical-consuming industry, to meet growing demand and to promote the use of high-tech materials.

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