MOSCOW (June 23, 2011)—Russian petrochemical giant Sibur L.L.C. said it plans to increase sales to the Chinese market by 5-7 percent this year.
The firm said it will focus on increasing sales of polyethylene, butadiene-acrylonitrile rubbers and butyl rubber. Currently most of Sibur's sales in China are plastics, caprolactam and synthetic rubber.
Last year, Sibur's sales in China were about $442 million, or 14 percent for the company's total revenue.
Sibur Vice President Oleg Makarov said the company will sell most of its products through its own Shanghai-based Citco Trading unit, which it established last year.