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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search