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SIBUR is a Russian petrochemicals company controlled by Russian billionaire Leonid Michelson. The activities of SIBUR include the entire petrochemical process chain from gas processing, production of monomers, plastics and synthetic rubbers to the processing of plastics. SIBUR is a vertically integrated company with its gas processing facilities providing feedstock for its petrochemical production.
SIBUR produces more than 2,000 different types of products. The Company has strong positions in the Russian petrochemical market. It processes more than half of Russia’s APG and produces 22% of its propylene, 19% of its polypropylene, 16% of its polyethylene, 44% of its synthetic rubbers, and a considerable share of other petrochemical products.
SIBUR owns plants that employ more than 50,000 people in 26 regions of Russia. The Company is managed along product-division lines: it incorporates Hydrocarbon Feedstock Division, Basic Polymers Division, Plastics and Organic Synthesis Products Division, Synthetic Rubbers Division.
Over recent years, the Company has consistently delivered robust financial and operational results.
In December 2010, Gazprombank decided in favour of a phased sale of SIBUR to a private shareholder, Leonid Mikhelson. By the autumn of 2011, 100% of CJSC "SIBUR Holding" came to be owned by the company SIBUR Limited, which is 57.5% owned by Leonid Mikhelson and 37.5% by Gennady Timchenko. The owners of the remaining 5% include SIBUR top managers and Alexander Dyukov, the Vice Chairman of the Board of Directors of the CJSC "SIBUR Holding".