On the Conclusion of a Financing Agreement for the Construction of a Polypropylene Production Complex in Tobolsk


The state corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" and a subsidiary of the SIBUR Holding, Tobolsk-Polymer, have entered into an agreement on the provision of a long-term loan to the company for a total of USD 1,441 million.

On behalf of Vnesheconombank, the agreements were signed by its Chairman, Vladimir Dmitriev, while, on behalf of Tobolsk-Polymer, they were signed by the President of SIBUR, Dmitry Konov.

Funds from this credit provision are to be directed towards the implementation of a project for constructing a new modern polypropylene production complex in Tobolsk, which will have an installed capacity of 500 thousand tonnes per year.

According to the signed documents, credited funds in the amount of USD 1,220 million shall be granted for a period of 13.5 years ...
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