Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • International Elastomer Show
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Executive Action
    • Government/Legal
    • ITEC
    • Opinion
    • Technical Notebooks
    • HEXPOL Sponsored Content
    • Starting young: Rubber Division targets high schools to fill talent gap
      ChemSpec enjoying busy 2019 with new agreements, division
      view gallery
      18 photos
      Rubber Division honors leaders, students at Business and Awards Meeting
      view gallery
      9 photos
      Rubber Division wraps up 2019 International Elastomer Conference
    • Yokohama earns two OE fitments on Porsche Cayenne
      China's LongMarch inks deal with Servis Tyre for Pakistan TBR venture
      Ford's Jim Hackett: 2019 a year of action
      Tackling scooters, sharing and data privacy
    • Nexen donates meals, tires to Cityzens Giving soccer program
      Yokohama earns two OE fitments on Porsche Cayenne
      Toyo U.S.A. promotes, re-assigns territory sales directors
      China's LongMarch inks deal with Servis Tyre for Pakistan TBR venture
    • Column: Thomas Lord's legacy
      Trelleborg launches Gina Gasket line in China
      Metso to close rubber parts plant in Sweden
      TPC Wire & Cable threads together acquisitions, sales growth to double in size
    • New Products: Hexpol TPE rolls out advanced cable compounds
      Hexpol names Ken Bloom president for North America
      LSR technology shines at K 2019
      TPC plant explosion's impact on butadiene market still being assessed
    • Toyo U.S.A. promotes, re-assigns territory sales directors
      Tony Menard named Michelin North America's director of motorsports
      Hexpol names Ken Bloom president for North America
      Monolith appoints chief technology officer
    • Europe may tighten CO2 emissions targets in 'Green Deal'
      As tool makers press to bring back tariffs, other manufacturers push back
      AMBA files formal request to bring back tariffs on Chinese molds
      Auto parts makers pay $23 million to settle price fixing case
    • Goodyear finds traction with soybean oil
      Cassioli expands with sales office in Alabama
      Rodolfo Comerio looks forward as it celebrates past
      Editorial: Innovation often follows its own path, timetable
    • Column: Thomas Lord's legacy
      Editorial: Rubber Division, ARDL aim big with youth outreach
      Column: EV hype or reality? Follow the money
      Column: Lessons from Best Places to Work
    • SSBR, bio-sourced plasticizer for conveyor belt use
      EPDM solution for automotive dense weatherstrip
      High heat resistant EPDMs for auto hose uses
      Rubber standards in today’s world economy
    • Sponsor Content
      Rubber in Transportation and Tire
      Sponsor Content
      Rubber in Wire and Cable
      Sponsor Content
      Process Control Systems Ensure Consistency and Lot Traceability While Protecting Proprietary Formulations
      Sponsor Content
      Reasons for Using Performance Additives
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: Hexpol TPE rolls out advanced cable compounds
      LSR technology shines at K 2019
      New Products: Master Bond rolls out thermally conductive epoxy sealant
      New Products: Lanxess introduces vulcanization accelerator
    • Wacky World of Rubber: Hunting for rubber ducks on cruise ships
      Wacky World of Rubber: Floating ideas for the future of mobility
      Wacky World of Rubber: Goodyear, rubber industry make parade part of Thanksgiving traditions
      Wacky World of Rubber: How to make your own Halloween mask
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • Yokohama earns two OE fitments on Porsche Cayenne
      China's LongMarch inks deal with Servis Tyre for Pakistan TBR venture
      Ford's Jim Hackett: 2019 a year of action
      Tackling scooters, sharing and data privacy
    • LSR technology shines at K 2019
      Starting young: Rubber Division targets high schools to fill talent gap
      Column: Lessons from Best Places to Work
      New Products: LSR 3D printing technology spotlighted at K Show
    • Natural rubber producers 'extremely concerned' over disease outbreak
      Starting young: Rubber Division targets high schools to fill talent gap
      Kent Elastomer promotes two
      Corrie MacColl details landmark collaboration in Cameroon
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Data Store
    • Digital Issue
    • White Papers
  • Events
    • RPN Conferences
    • RPN Live
    • Events Calendar
    • Submit an Event
    • Webinars
    • Past Events
  • Advertise
MENU
Breadcrumb
  1. Home
  2. News
October 28, 2010 02:00 AM

Sibur to unload tire assets

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    DUESSELDORF, Germany (Oct. 28, 2010)—Russian petrochemicals conglomerate Sibur Holdings J.S.C. is planning to exit the tire business in the coming years by disposing of the assets of its Sibur-Russian Tyres subsidiary.

    Dimitry Konov, Sibur's chairman and president, said the firm's intention is to make SRT the primary tire manufacturer in Russia and then sell the assets at a profit. He spoke at the K plastics and rubber show in Duesseldorf.

    “My shareholders would not like me to sell at a loss,” he said.

    Sibur is in the process of acquiring the shares of Amtel N.V., the bankrupt holding company that had attempted to merge several Russian tire factories with the Dutch tire maker Vredestein.

    Over the summer Sibur acquired the debt of Amtel, but the shares still are owned by a consortium led by O.J.S.C. Alfa-Bank. The situation is complicated, but according to a Sibur spokesman, Sibur now has full operational control of all the assets of Amtel.

    Konov said he expects to buy the shares of Amtel from the bank at an “attractive price.”

    A spokesman said Sibur is discussing with Russian tire maker Nizhnekamskshina about a possible participation in the acquisition of the Amtel shares, and the three companies would then rationalize their assets and consolidate the business before aiming to sell assets to a third party.

    Letter
    to the
    Editor

    Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    SIGN UP FOR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Terms of Service
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News Europe
    • Plastics News China
    • Plastics & Rubber World
    • LSR World
    • Urethanes Technology
    • Automotive News
    • Autoweek
    • Crain Brands
    Copyright © 1996-2019. Crain Communications, Inc. All Rights Reserved.
    • News
      • International Elastomer Show
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Executive Action
      • Government/Legal
      • ITEC
      • Opinion
      • Technical Notebooks
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Data Store
      • Digital Issue
      • White Papers
    • Events
      • RPN Conferences
      • RPN Live
      • Events Calendar
      • Submit an Event
      • Webinars
      • Past Events
    • Advertise