SIBUR and TAIF agree on the final conditions for the company merge

SIBUR Holding (Tobolsk) and TAIF (Kazan) entered into an agreement on the final conditions for the merged company creation. This deal resultung in creating the largest Russian and one of the world's largest petrochemical company on the basis of PJSC SIBUR Holding.

SIBUR and TAIF announced the start of the companies’ petrochemical businesses merge in April 2021.

As part of the closing of the transaction, TAIF shareholders receive a 15% stake in the merged company in exchange for a 50% + 1 share of TAIF JSC.

The aggregate capacity for base polymers will amount to 5.7 million tonnes, or 70.7% of those operating in Russia. Today, SIBUR's capacity for base polymers is almost twice that of TAIF. Eight production sites of SIBUR with a capacity of 3.9 million tons and two TAIF plants with a total capacity of 2.2 million tons.

As a result of the merger, the total capacity share of the new SIBUR-TAIF group will be 100% for the production of linear low-density polyethylene (LLDPE), 87.4% for polypropylene (PP), 80.8% for high-density polyethylene (HDPE) and 59.3% for low density polyethylene (LDPE).

News source: https://plastinfo.ru/