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:

Kaliningrad Region is the First in Terms of Involvement of the Population in Small Business
It is Planned to Open 30 New My Business Centres in Russia in 2019
AliExpress will Sell Goods of Russian Retailers and Manufacturers
The Highest Salaries in Russia
The Russian Startup BestDoctor Attracted the Investment of $ 3 Million

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Festivals in Moscow  DTM racing  litvinov  Liya Akhedzhakova  Russian airports  Wooden Architecture  Yuri Malenchenko  The Romanov Family  Russian business  Russian Cinema  Ukraine  world record  Krasnoyark Territory  Russian actors  Zelenodolsk  Russian courts  Russian medicine  Political Rallies  Semyon Chelyuskin  Kazan Station  Russian astronomers  St. Petersburg  Russian tourism  Russian regions  Unusual Monuments  Censorship  Vladivostok  Kirov Region  Moscow  Surgut  Exhibitions in Moscow  Russian Standard Bank  Moscow Operetta  Fairs in Moscow  Karelia   Russian customs  Oleg Zhukovsky  Archeological Finds  travel to Russia  Russian Astronauts  Greek Culture Festival  Tver region  Kirill Lavrov  Exhibitions Sales  Isaak Brodsky  Mercedes-Benz Fashion Week Russia  New Order  crisis  EU sanctions  Russian musicians 

Travel Blogs
Top Traveling Sites