Sibur signs on as Caterham F1 partner
Russia’s largest petrochemical company, Sibur Holding JSC, may be out of the tyre business after selling OAO Sibur-Russian Tyres to a group of investors late last year – yet the firm, like many of its former tyre-making counterparts, has decided upon motorsport sponsorship as a means of promotion. On 20 February Sibur announced the signing of a deal with the Caterham F1 team, and in doing so has become the first-ever Russian Formula 1 team partner. The company also confirmed it will continue its partnership agreement with Russian driver Vitaly Petrov, who has left Renault to join the Caterham team this year. Under the current agreements, the Sibur logo will feature on Caterham’s F1 cars and on Petrov’s race suits throughout the 2012 season.