MOSCOW—Sibur achieved a 26 percent, year-on-year rise in sales of synthetic rubbers in 2015, to $523.8 million on volumes 14 percent higher at 411 kilotons, the company said in its full-year results statement.
The Russian gas an petrochemicals major linked the gains to “improved economics for commodity and specialty rubbers, completion of continued thermoplastic elastomers homologation with key clients by the end of 2014, and respective increase of export sales.”
With the improved market demand, Sibur last year increased its processing and production volumes for synthetic rubbers by 16 percent rise to 409 kilotons, according to the financial statement issued April 7.