SIBUR, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry, announces its decision to strengthen its presence in the Vietnamese market.
The move is part of the company’s long-term strategy to expand in the dynamic Southeast Asian market.
SIBUR plans to build a warehouse network in Vietnam in the second half of 2022 to support rising volumes of polyolefin supplies to the country. The company sold more than 50,000 metric tons of polyolefin products in Vietnam in 2021 and aims to increase sales in the country by 30% in 2022.
Polyolefins, such as polyethylene and polypropylene, serve as feedstock for the production of versatile plastics. - VNN-