Siberia warms to Russian BOPP investment
Write:
Dalia [2011-05-20]
May 21-Leading Russian packaging film producer Biaksplen plans to set up a new 35,000 tpa biaxially oriented polypropylene (BOPP) film line in the Siberian city of Tomsk to meet growing demand from parts of Central Asia.
The line will be installed later this year at a new plant on the West Siberian petrochemicals site of Sibur group subsidiary Tomskneftekhim. Low cost polypropylene feedstock supplies is assured as the site has a current 100,000 tpa PP capacity.
Also, Sibur is building its major new Tobolsk-Polymer polyolefins complex nearby, including a 500,000 tpa PP plant. This unit is due on stream by 2012.
In December 2009, Moscow-based Sibur, Russia s top petrochemicals and polymers producer, took a 50% stake in the film manufacturer.
With its new BOPP line, Biaksplen will become the largest manufacturer of that film in the CIS countries with a total capacity of more than 130,000 tpa, according to the firm s CEO Anton Matvienko.
The global market for BOPP films has grown in recent years at an average rate of 10% and Russian demand has great potential, stated Biaksplen chairman and Sibur vice president Sergei Merzlyakov.
Biaksplen runs three other Russian plants in the Nizhny Novgorod, Kursk and Moscow regions with a combined production capacity of some 87,000 tpa of film. It utilises French technology from the equipment supplier DMT.