Vladivostok, 4 September 2019 – SIBUR and Russian Export Centre (REC) agreed to promote non-commodity exports. At the Eastern Economic Forum, Dmitry Konov, Chairman of the Management Board at SIBUR Holding, and Andrey Slepnev, General Director of the REC, signed a cooperation agreement on providing loans and insurance to support the Company’s major export-related projects. The support will involve interest rate and export transportation subsidies, as well as loans and insurance.
In particular, this will include the export support of the thermoplastic elastomers (SBS polymers) production facility currently under construction with a capacity of 50 ktpa for road construction, roofing and other purposes, plus the future maleic anhydride facility with a capacity of 45 ktpa for healthcare, fuel, packaging, and other industries.
Dmitry Konov, Chairman of the Management Board at SIBUR Holding: “SIBUR is a major contributor to the promotion of Russian non-commodity and non-energy exports. We sell our products to 80 countries for consumer goods, automotive, construction, energy, and chemical applications. Thanks to the Russian Export Centre, Russia's future petrochemicals will receive a much-needed boost for entering the global market.”
Andrey Slepnev, General Director of the REC: “The REC Group supports SIBUR Holding’s exports. We are strengthening our partnership and I am certain that this agreement will help the Company bolster its exports and secure a foothold in new markets.”