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Gazprom Neft, Sibur May Acquire Polymer Plant, Kommersant Says

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March 6 (Bloomberg) -- 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