Sabic introduces new range of PP impact copolymers

SITTARD (SABIC) -- Sabic introduced it's new SABIC PP Flowpact range of impact copolymers. The main advantages of it became shorter cycle times, lower energy costs and increased downgauging possibilities.

The SABIC PP Flowpact range of polymers should provide major benefits to converters, particularly in thin wall packaging. Foremost among these is the ability to make cost savings in terms of unit production costs and energy savings with further knock-on benefits for related environmental considerations.


MRC Reference

Sabic. The share in the Russian market in 2008:
PE - 0.2%;
PP - 0.4%;
PS - 0.2%.

Annual sales growth in Russia over the last 5 years:
PE - 33%;
PP - 62%.

Petronas intends to sell petrochemicals arm for $2bn

SINGAPORE (Financial Times) -- An initial public offering being considered by Malaysian state energy company Petronas for its petrochemicals arm is expected to raise about $2bn, according to people close to the talks.

Bankers said the group was discussing an IPO with a number of Malaysian and international investment banks, although no mandates to advise on the deal had yet been signed.


FAS gives permission to sell "Bereznikovsky Sodovy Zavod"

(RBC) -- After 9 months of waiting, Belgian concern Solvay SA is now able to finish the deal on the purchase of ⌠Bereznikovsky Sodovy Zavod(BSZ) - one of the biggest Russian producers of soda ash. Federal Antimonopoly Service (FAS) announced today the approval of the deal. However, Solvay's competitor, Bashchem company, has also obtained FAS's permission.

Yesterday FAS told about the satisfaction of application of Solvay Participation France S.A.S. to obtain the rights to define the conditions of BSZ activities. However, the application of Soda and Kaustik (both being part of Bashkhem) to purchase 100% of BSZ stocks has also been satisfied.

Instead of considering an application during 2 months, FAS did it two weeks after the application.


Presidents of LUKOIL and The Republic of Tatarstan discuss cooperation prospects

KAZAN (LUKOIL) - Yesterday President of Lukoil Corp. Vagit Alekperov had a meeting with President of The Republic of Tatarstan Rustam Minnihanov.

Presidents discussed the process of execution of Cooperation Agreement inked between the Company in 2007 and expiring December 31 2011.

During the meeting Vagit Alekperov told that all the company's projects are successfully realizing in Tatarstan. Alekperov's visit to Tatrstan also included meeting with Head of The Government Ildar Halikov.

During the visit Memorandum of intentions, in which the company expressed the consent to take part in realization of socially significant projects in reconstruction of historical and cultural monuments of ancient city Bulgar and island city Sviyazhsk in The Republic of Tatarstan and readiness to invest 45 mln rubles into reconstruction works during 2010 - 2012 years.


Kazanorgsyntez upgrades support equipment

(Kazanorgsyntez) - From June 1 2010, after successful tests, new pumping station started working after its installation since 2009 in nitrogen, oxygen and cold plant of Kazanorgsyntez.

All the preparation works were made by Veststroy. In contrast to the old one, working since 1963, this station is equipped with KSB Amarex KRTE anti-explosion submersible pumps installed in special glass-plastic shaft. Its capacity reaches 300 cubic meters per hour (old one had the capacity of about 200 cubic meters per hour.

MRC Reference

Leader in polymers processing technologies:
film extrusion;
pipe extrusion;
injection molding.