Gazprom Neft, Sibur May Acquire Polymer Plant, Kommersant Says

OAO Gazprom Neft and Sibur Holding may acquire an unfinished polymer plant in the Omsk region of Siberia from Titan Group, which had planned to spend $180 million on the project, Kommersant reported.

When completed, the factory will be able to produce at least 180,000 metric tons of polypropylene a year, the Moscow- based newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.