Sibur plans to buy 17.5% of Polief from Bashkortostan’s authorities

Sibur intends to take part in tender for purchase of 17.5% in Polief, which belongs to Bashkiria, if the competition will be announced, the general director of Sibur - PETF (management company of Polief) Pavel Lyakhovich announced. Asked when Polief will get a profit, he said: "Unfortunately, market spreads between raw materials and finished products are not large enough to be able to to say that the site would be break-even in the near future". Speaking about possible conversion of the polyethyleneterephthalate facilities in Tver from bottle to fiber one, Pavel Lyakhovich reported that Sibur had attracted external consultants to evaluate the economic efficiency of thi project. "We will get the answer for this question in a few months, before the end of 2014," - he added.