Dmitry Konov steps down as the Chairman of PSJC SIBUR Holding’s Management Board, from PJSC SIBUR Holding’s Board of Directors, and from the Management Boards at PJSC SIBUR Holding and SIBUR LLC, according to the company's press release.
Upon completion of all necessary corporate procedures, powers of PSJC SIBUR Holding’s Management Board will be transferred to PSJC SIBUR Holding’s Board of Directors and to the Management Board of SIBUR LLC, PSJC SIBUR Holding’s management company.
These organisational changes are made following Dmitry Konov’s nclusion in the EU and UK sanctions lists and are set to improve resilience of SIBUR’s business as one of the fastest-growing global petrochemical players.
As MRC informed before, Tomskneftekhim, NIOST, Biaxplen, SIBUR Digital moved 50% of the administrative and management personnel to a remote work format until 13 February. Such measures are being taken in preparation for the wave of the omicron strain of coronavirus infection. So, from January 24, restrictions on business trips were also introduced: they are possible only if it is necessary for production and after agreement with the CEO. Before the trip and after - mandatory PCR testing.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas. Shipments of PP random copolymers decreased significantly.
SIBUR is the largest vertically integrated gas processing and petrochemical company in Russia, uniting a number of production sites in various regions of the Russian Federation. The company sells products to consumers in the fuel and energy complex, automotive, construction, consumer goods, chemical and other industries in more than 80 countries around the world.
MRC