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Tula Oblast & Sibur enter into Cooperation Agreement

05
Nov '08
Tula Oblast Governor Vyacheslav Dudka and Sibur Vice President and Head of the Directorate of Plastics and Organic Synthesis Sergey Merzlyakov entered into a cooperation agreement for implementation of investment projects at one of the company's subsidiaries Plastik JSC in the city of Uzlovaya.

In particular, Sibur began implementing an investment project to construct new nonwoven polypropylene fabrics and flat geogrids with capacities of 10,000 tons and 1500 tons per year, respectively.

Furthermore, the company is actively modernizing existing styrene, polystyrene and ABS plastics production facilities at Plastik plant. The total volume of investment in the projects amounts over 1 billion rubles.

The Tula Oblast Administration will provide Sibur assistance in implementing the investment projects by allotting a site and other state support measures.

Sibur LLC


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