Russia-based petrochemical company Sibur investing 2.4B rubles in new BOPP film plant in Tomsk, Russia; plant to be complete in 2013; new facility could supply a third of Russian BOPP market, company says

TOMSK, Russia , November 26, 2012 () – Russian petrochemicals company Sibur hopes that the biaxially-oriented polypropylene (BOPP) film plant it is building at Tomskneftekhim will supply a third of the Russian market for this product, said the press service of the Tomsk regional administration after a meeting between Governor Sergei Zhvachkin and Sibur CEO Dmitry Konov.

Sibur subsidiary - Biaxplen is undertaking an investment project to build a BOPP-film plant at the Tomsk site. "Equipment for the new plant is already arriving, metal structures are being assembled and the new plant could supply over a third of the domestic market," Konov was cited as saying.

He also confirmed that the petrochemicals holding company was willing to discuss the use by Tomskneftekhim of production from the West Siberian oil refinery, which is to be built near Tomsk.

Construction of the 2.4 billion ruble BOPP-film plant is due to be completed in 2013. The Sibur-Holding Investment Committee in May 2012 confirmed the transfer of the project to implementation phase.

Biaxplen also launched a project to build a BOPP-film plant in Novokuibyshevsk. Capacity of the new Novokuibyshevsk and Tomsk plants will be 68,500 tonnes per year. Once the projects have been completed BOPP-film production capacity will increase to 179,000 tonnes per year.

Biaxplen produced 82,000 tonnes of film in 2011.

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