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«SIBUR» LLC is the managing organization of PJSC «SIBUR Holding».

117218, Moscow, Krzhizhanovsky st., 16/1

History

1995 — 19981998 — 20022003 — 20062006 — 20132014 — 20202021 — PRESENT
1995 —
1998

Foundation

The foundation of SIBUR in 1995 was the first step towards re-establishing broken relations in the petrochemical industry after the Soviet Union’s collapse. Managed by Gazprom, the Company started to evolve into a powerful national player in the deep hydrocarbon conversion market.

1998 —
2002

Asset consolidation

The financial muscle of Gazprom and availability of basic petrochemical feedstock paved the way for industry consolidation around SIBUR. In 1998–1999, the Company acquired over 60 assets in the petrochemical and related industries, many of which required financial rehabilitation. Coupled with the decline in the global petrochemical industry, this resulted in a higher debt burden, with margins falling into negative territory. SIBUR found itself facing a management and financial crisis in the early 2000s. In 2002, as part of an anti-crisis programme, Gazprom initiated changes to the Company’s structure.

2003 —
2006

Growing more stable. New development strategy

In 2003, Alexander Dyukov was appointed CEO of SIBUR. He formed the core of the management team by uniting highly experienced production professionals with younger generation managers. The new management team helped stabilise SIBUR’s position and articulated strategic principles for its further development, such as:

2006 —
2013

Large-scale investment programme

SIBUR launched a large-scale investment programme, focusing on ramping up gas processing to strengthen the Company’s feedstock base. The construction and expansion of gas processing plants, compressor stations, the pipeline network, and gas fractionation facilities contributed to a 3x growth of SIBUR’s associated petroleum gas processing capacities.

2014 —
2020

Sustainable development, digitalisation, client focus

The key principles driving the Company’s transformation agenda were digitalisation, sustainable development, client focus and continuous improvement of operations. Changes in the Company’s shareholding structure reflect the globalisation trend: it now includes China Petrochemical Corporation (Sinopec Group) and the Silk Road Fund.

2021 —
present

Russia’s largest petrochemical company

On 4 October 2021, SIBUR and TAIF Group completed the combination of their assets to create Russia’s largest petrochemical company and one of the leading players globally.

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