Sibur Opens China Trading House

Sibur, the largest petrochemical holding company in Russia and Eastern Europe and, has opened a Chinese trading company. Known as Citco (Shanghai) Trading Co., Ltd., the new China registered trading company is located in Shanghai and will engage in sales of petrochemical products, with payments in Chinese currency. Previously exports of Sibur’s products to China were coordinated through the corporate trading company CITCO (Austria), with payments in US dollars. Included in the petrochemical products Sibur exports is synthetic rubber, such as polybutadiene, for use in tyre production. In 2009 Sibur sold more than 47,000 tons of synthetic rubber in China.