When plastics and rubber producers began pulling out of Russia following the invasion of Ukraine, one of the materials firms left behind was Russia-based Sibur Holdings, a maker of elastomers, polyethylene and polypropylene.
Sibur also has a joint venture with Solvay, Rusvinyl, making 700 million pounds of PVC resin.
On July 26, Sibur spoke publicly, for the first time since the start of the war, about its operations during a conference call with investors, Bruce Meyer of our sister paper Rubber News writes.
"Company officials ... said during the call that the plastics part of the group has had to find new markets to sell its polypropylene because that material has been subject to economic sanctions from the European Union," Bruce writes.
"However, they added that Sibur's synthetic rubber and polyethylene lines aren't included in the sanctions that have been levied against Russia after the nation's unprovoked attack beginning Feb. 24 on neighboring Ukraine," so those operations have continued much as before, according to RN.
At K 2019, Sibur had said it was on its way to being Europe's No. 3 supplier of polyolefins.