Sibur to Build All-Steel Radial Plant in Yaroslavl

Sibur-Russian Tires, Russia’s largest tyre holding company, has announced that it will build a steel radial tyre plant capable of producing 1 million tyres a year by 2010. The project is set to be approved in the second half of 2007. According to analysts at Russia’s Centre Invest, construction will begin in 2008. The new facility is likely to be registered as a wholly owned Sibur-Russian Tires subsidiary. Sibur Holding president Alexander Dyukov had earlier told Vedomosti that similar arrangements would be used to upgrade other subsidiaries.