MOSCOW—PAO Sibur Holding has reported a significant rise in synthetic rubber sales in its operational and financial results for the full year 2017.
Sales of elastomers increased by 9.7 percent year-on-year to 485,000 metric tons, according to the Feb. 28 statement from the Russian energy and petrochemicals major.
Sibur linked the gains to increased capacity loading at its SBS production facility in Voronezh, Russia, on the back of improved market conditions.
For its Plastics, Elastomers and Intermediates segment overall, Sibur said revenue increased by 12.4 percent year-on-year to $2.5 billion.
The increase, it again noted, mainly was due to "higher elastomers revenue on higher capacity load following the favourable market environment."
However, the joint earnings (EBITDA) contribution of Sibur's Olefins and Polyolefins and Plastics, Elastomers and Intermediates segments fell 6.7 percent year-on-year to $1.3 billion.