This is an old revision of this page, as edited by SIBUR Holding (talk | contribs) at 13:22, 21 March 2014 (→History). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 13:22, 21 March 2014 by SIBUR Holding (talk | contribs) (→History)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)SIBUR (OAO SIBUR Holding) is a uniquely positioned 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.
As of 31 December 2013, SIBUR operated 26 production sites located all over Russia, had over 1,500 major customers engaged in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 60 countries worldwide and employed over 26,000 personnel.
In 2013, SIBUR’s revenue was RR 269,814 million and EBITDA RR 78,862 million.
The company has its head office in Moscow, Russia.
History
The company was founded by an act passed by the Government of the Russian Federation in March 1995, with 38% of its shares state owned. The remaining 62% of the company was made public.
Towards the end of 1998, SIBUR started its transformation into a vertically integrated petrochemical holding with a full production chain from the processing of raw materials through to the manufacture of finished goods. SIBUR subsequently built up assets by buying stakes in petrochemical companies all over Russia. As a result, some 60 companies soon belonged to the company.
By 2001, Gazprom had acquired control of SIBUR with a 51% stake. Alexander Dyukov was appointed president in February 2003 and oversaw significant reform with the introduction of a long-term growth strategy.
By September, the stock was divided between Gazprom (25%) and Gazprombank (75%). Dyukov was succeeded by Dmitry Konov as SIBUR’s new president towards the end of 2006.
Gazprom decided that the petrochemical business was a non-core asset in 2008, and SIBUR shares were sold to Gazfund in exchange for its energy assets. Both Gazprombank and Gazfund also withdrew from the Gazprom group. In December 2010 Gazprombank began a phased sale of SIBUR to a private shareholder, Leonid Mikhelson.
By the autumn of 2011, 100% of SIBUR came to be owned by the company SIBUR Limited, which since 2013 is 82.5% owned by Leonid Mikhelson and Gennady Timchenko. The owners of the remaining 17.5% include SIBUR's former and current top management.
Business segments
Feedstock&Energy
The Group’s feedstock and energy segment comprises:
- gathering and processing of associated petroleum gas (APG) that SIBUR purchases from major Russian oil companies,
- transportation, fractionation and other processing of natural gas liquids (NGLs) that SIBUR produces internally or purchases from major Russian oil and gas companies, and
- marketing and sales of energy products, such as natural gas, liquefied petroleum gases (LPG), naphtha, raw NGL, methyl tertiary butyl ether (MTBE) and other fuels and fuel additives.
SIBUR sells energy products on the Russian and international markets and uses some of them as feedstock for its petrochemicals segment, which processes them into various petrochemicals, including basic polymers, synthetic rubbers, plastics and products of organic synthesis, as well as intermediates and other chemicals.
Petrochemicals
In its petrochemicals business, the Group operates three steam cracker facilities, two basic polymers production plants, manufacturing low density polyethylene (LDPE) and polypropylene (PP), three synthetic rubbers production plants, manufacturing commodity and specialty rubbers as well as thermoplastic elastomers, and 13 production plants manufacturing plastics and organic synthesis products, including polyethylene terephthalate, glycols, alcohols, BOPP-films, expandable polystyrene, acrylates as well as a wide range of intermediate chemicals. As of 31 December 2013, the Group’s basic polymers production capacity was 995,000 tonnes per annum, synthetic rubbers production capacity was 678,900 tonnes per annum and plastics and products of organic synthesis production capacity was 1,008,800 tonnes per annum.