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SIBUR Opens Subsidiary in India

Source: www.gulfoilandgas.com 8/7/2012, Location: Asia

SIBUR Petrochemical India, a subsidiary of SIBUR, has started operations in Mumbai. SIBUR Petrochemical India extends SIBURís geographic reach into India and South Asia. The subsidiary company will initially conduct detailed research of the petrochemical products market and support business development in a number of ways, including government relations.

The primary focus of SIBUR Petrochemical India is the construction of a butyl rubber facility in Jamnagar. The plant, which will operate at a capacity of 100,000 tonnes per year, is being built as a joint venture with Reliance Industries, a major Indian private sector company. The new subsidiary will work alongside Indian partners, as well as provide support to SIBUR employees coming to India to carry out installation and start-up work at the new plant.

Evgeny Griva has been appointed CEO of SIBUR Petrochemical India. Before taking his previous post of Advisor to Managing Director for Planning, Logistics and Sales Support, Mr Griva was Advisor to Managing Director of the Synthetic Rubbers Business Unit of SIBUR.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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