Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

SIBUR and Relianc Industries form a Joint Venture to produce butyl rubber in India
23.02.2012 16:06
SIBUR and Relianc Industries form a Joint Venture to produce butyl rubber in India

Russia and Eastern Europe's largest petrochemical company SIBUR and India's largest private company Reliance Industries Limited (RIL) have agreed to form a joint venture named Reliance Sibur Elastomers Private Limited to produce 100,000 tonnes of butyl rubber per year in Jamnagar, India, says the official press reliease.

The joint venture will be the first manufacturer of butyl rubber in India and the fourth largest supplier of butyl rubber in the world.

The JV will meet demand for synthetic rubber from the Indian automotive industry, whose current requirement for more than 75,000 tonnes per year is satisfied by imports.

Reliance Industries will own 74.9% of the JV with SIBUR 25.1%. The JV will invest US$450 million to construct the production facility, which is expected to be commissioned in mid-2014.

RIL and SIBUR also signed a technology licence agreement facilitating use of SIBUR's proprietary butyl rubber production technology at the new facility. SIBUR will develop basic engineering design for the facility and also train the JV’s personnel at its production site in Togliatti, Russia.


Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

Franchise Business in Russia Went Down
Russia will Introduce Tax Holidays for a Number of Industries
Every Fifth Russian Travel Agency May not Survive the Coronavirus Pandemic
Small Businesses will Get Interest-free Loans from Banks
By the End of 2020, the Fall of the Russian IT Segment may Exceed 30%

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Gazprom  Mercedes-Benz Fashion Week Russia  incident  City Hunter  St. Petersburg  Valery Gergiev  elections in Russia  Bolshoye Savino Airport  Curonian Spit  train tickets  Suzdal  Cossacks  Eduard Gorokhovsky  Theatre Festivals  Nadezhda Petrova  Russian sport  Voronezh   Best Universities  active holidays in Russia  Exhibitions in Moscow  Volgograd Architecture  artificial lake  Russian Cinema  Beslan Tragedy  Woodwork  Vladivostok  modern pirats  Bugulma  Nonconformist Art Museum  Russian tourism  Festivals in Moscow  Russian business  flights to Russia  Transaero  Nevsky Avenue  Bolshoi Theatre  Kizhi  Russian regions  Optina Pustin  travel to Russia  Russian villages  Kostroma  Masha and the Bear  Burial Grounds  Moscow  Russian churches  Liya Akhedzhakova  plant physiology  Science  Satellites 

Travel Blogs
Top Traveling Sites