SIBUR Holding and BASF (Germany) signed a memo on the long term cooperation in the sector of the polymer production in Russia, the company informed.
BASF is expected to deliver additives for the production of polypropylene, polyethylene, etc.
The contract value is undisclosed.
SIBUR Holding (TIN 7727547261) is the largest petrochemical products maker in Russia. In 2011 above 18bn m3 of associated gas were refined.
The one holder is the Cyprus-based SIBUR Ltd. which beneficiaries involve L.Mikhelson - 57.5%, G.Timchenko - 37.5%, top managers of SIBUR Holding -
The IH 2013 net profit declined (IAS) 13.9% to 25.545bn rub. from 29.662bn rub. prior year.
The IH 2013 revenues dropped 5.1% to 130.03bn rub. from 136.92bn rub.; operating profit - 13.5% to 32.733bn rub. from 37.845bn rub.
The total volume of the debts declined to 172.947bn rub. from 182.543bn rub. year start.