REC will support export development of SIBUR Holding PJSC
4 september 2019
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Andrey Slepnev, General Director, REC, and Dmitry Konov, Chairman of the Board of SIBUR Holding PJSC, have signed, on the sidelines of EEF-2019, a cooperation agreement which implies credit and insurance support for the holding's major projects having the export component. The support aids include subsidies of interest rate, export-related transportation costs, credit and insurance support.
In particular, the question is export support of the of thermoplastic elastomers (SBS polymers) production facility with capacity of 50 thousand tons per year for road construction, roofing industry and other spheres, as well as construction of maleic anhydride production with capacity of 45 thousand tons per year for medicine, fuel, packaging and other industries.
REC Group has been supporting export supplies of SIBUR Holding PJSC. We are consolidating our partnership, and I am convinced that implementation of the agreement will allow the company to increase the volumes of export supplies of its products, and to gain a foothold in the new markets
CEO of REC JSC
SIBUR has been making a significant contribution to the development of Russian non-resource non-power exports. The company's products have been exported to 80 countries, and have been used in production of consumer goods and vehicles, in construction, power engineering and chemical industry. Thanks to Russian Export Center, our future products will get a good impetus to approach the global market
Chairman of the Board of SIBUR Holding PJSC