Home / Knowledge / News / Textiles / SIBUR sells Oka-Polymer Industrial Park
SIBUR sells Oka-Polymer Industrial Park
01
Feb '14
SIBUR has closed the sale of the 100% stake in Oka-Polymer Industrial Park located in Dzerzhinsk, the Nizhny Novgorod Region, to Tosol-Sintez, a resident of the park. The Oka-Polymer industrial park was launched in June 2012 as a service company to develop the production site of the former Caprolactam plant in Dzerzhinsk’s Eastern Industrial Zone. 
 
The park covers an area of 300 ha, offering its tenants over 500,000 sq m of existing facilities to lease or purchase. The park’s benefits include advantageous geographical location, availability of resources and quick production launch capability. Currently, the park provides production facilities to 26 tenants. Over 1,200 new jobs have been created on the production site, with committed investments in new production launches in excess of RUB 3.6bn.
 
The sale of the industrial park is part of SIBUR’s strategy of divesting non-core assets. Tosol-Sintez plans to secure big investments for the Oka-Polymer industrial park’s development, create new jobs, and boost tax proceeds for the budgets of the city of Dzerzhinsk and Nizhny Novgorod Region were made part of the deal. 
 
Tosol-Sintez fully supports and will carry on with the current business plan for the industrial park’s development. With Tosol-Sintez fully involved, the number of the park’s tenants is expected to increase to 50 by the end of 2014. 
 
Tosol-Sintez intends to make a particular focus on science-based and high technology production to leverage its competencies in processing polymers and organic synthesis products along with expertise in marketing and distribution management. Tosol-Sintez is going to further convert the production site to meet up-to-date standards, and improve service offering for the tenants.
 
Background
SIBUR 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 30 September 2013, SIBUR operated 27 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 28,000 personnel.
 
Tosol-Sintez is a market leader in the production of brake fluids, coolants, washer fluids, engine oils, car components and expendable materials, as well as processing of polymers and ethylene oxide for production needs of the automotive and construction industries. The company's dealer chain operates across 83 regions in Russia. Tosol-Sintez ships its products to 15 countries.

SIBUR


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X