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Biaxplen signed agreement with Kurskaya reg.

Biaxplen and Kurskaya reg. government signed an agreement of cooperation till 2016, as it was informed.

The owner of the Company is going to invest in the development of the entity and push the exports double times upward. The participation in the social projects was discussed as well.

In 2013 the division located in Kurskaya reg. produced 30.3ths ton of тыс. т пленки (2.5bn rub. in monetary terms) which is 9% higher prior year figures.

Biaxplen is a sub of SIBUR Petrochemical Holding and one of the leading Russian producers of biaxial-oriented polypropylene fabric. It involves divisions in Balakhna, Kursk, Novokuibyshevsk and Zheleznodorozhny (Moscow reg.). The aggregated capacity of the entities included into the Company is equal to 149ths ton after the launching of the new plant in Tomsk.

SIBUR Holding (TIN 7727547261) is the largest petrochemical products maker in Russia. In 2011 above 18bn m3 of the by-pass gas were refined.

L.Mikhelson and G.Timchenko keep 82.5%; current and former top managers hold 17.5%.

The 9-month 2013 net profit (IAS) lost 14.7% (IAS) to come to 38.5bn rub.; revenues dropped 0.7% to 197.6bn rub. from 198.957bn rub.; EBITDA dropped 5.4% to 57bn rub.

The 2012 net profit (RAS) dropped 44% to 52.568bn rub.; revenues increased 2% to come to 243.329bn rub. from 238.534bn rub.; gross profit declined to 101.804bn rub. from 102.263bn rub.

"AK&M", 27.02.2014


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