USD 66.784

+0.18

EUR 73.9766

+0.03

BRENT 60.3

+0.35

AI-92 42.25

+0.02

AI-95 46.02

+0.05

AI-98 51.74

0

Diesel 45.95

+0.06

23

SIBUR has increased its share in the largest Russian producer of polypropylene film to 100%

SIBUR has completed a deal to acquire 50% of the chartered capital of BIAXPLEN LLC, one of the largest Russian manufacturers of biaxially oriented polypropylene film (BOPP). SIBUR bought into BIAXPLEN's chartered capital in 2009, negotiating a deal to purchase 50% of the company, and is therefore now the single owner of the film manufacturer.

SIBUR has increased its share in the largest Russian producer of polypropylene film to 100% SIBUR has increased its share in the largest Russian producer of polypropylene film to 100%

SIBUR has completed a deal to acquire 50% of the chartered capital of BIAXPLEN LLC, one of the largest Russian manufacturers of biaxially oriented polypropylene film (BOPP). SIBUR bought into BIAXPLEN's chartered capital in 2009, negotiating a deal to purchase 50% of the company, and is therefore now the single owner of the film manufacturer.


BIAXPLEN's production facilities consist of three plants located in the Nizhny Novgorod, Kursk and Moscow Regions. In addition to BIAXPLEN, SIBUR owns the similar enterprise BIAXPLEN-NK (Novokuybyshevsk, Samara Region), which is managed by BIAXPLEN LLC. As a result, BIAXPLEN-NK will become part of the BIAXPLEN Group.


In 2011, the aggregate production volume of the BIAXPLEN Group and BIAXPLEN-NK exceeded 82 thousand tonnes of films. The BIAXPLEN Group companies acquired more than 65 thousand tonnes of polypropylene from SIBUR.


Note:


BOPP film (biaxially oriented polypropylene film) is currently the most popular material used for advanced flexible packaging designed for subsequent overprinting and lamination. Due to its barrier, optical, and physical-mechanical properties as well as its high thermal resistance, flexibility and strength, polypropylene film is used extensively for packing goods in the food, perfume, tobacco, pulp and paper industries, as well as light industry.


BIAXPLEN Group (www.biaxplen.ru) is one of the main Russian BOPP manufacturers. BIAXPLEN is the only manufacturer worldwide to use a general-purpose extrusion line to produce nine-layer film. The plants are certified according to the ISO 9001 Quality Management System.

 

 

Source : Neftegaz.RU