01-Aug-2011 - SIBUR

SIBUR acquires JSC Acrylate

SIBUR has bought JSC Acrylate - the only CIS-based producer of acrylic acid and its esters - from ATEK Group.

JSC Acrylate’s production site is located in the eastern industrial area of Dzerzhinsk, Nizhny Novgorod Region, and is just 2km from SIBUR’s facility, which provides JSC Acrylate with its basic raw material – propylene.

The production capacity of JSC Acrylate’s plant is 25  kta of ester grade acrylic acid, 36  kta of heavy esters (butyl acrylate) and 10kta of light esters (methyl and ethyl acrylate).

“The acquisition of JSC Acrylate will help accelerate development of the market for acrylic derivatives in Russia and the CIS. We, together with our partners, are considering the possibility of increasing the output capacity and expanding the processing of products by JSC Acrylate, said Valery Andosov, Head of the Project Office for Specialty Chemicals and Polymers at SIBUR.

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