The country's Wild West days have passed as the prices paid for its oil and natural gas have fallen from the heights they reached in 2008, but what remains is a huge country with a strong consumer base which has a need for increased mobility, improved housing, high-end consumer goods and more. The table is set for continued demand growth for plastics, as made evident by recent statements and moves from leading suppliers DSM, Lanxess and Sabic.
DSM Engineering Plastics is entering into two joint ventures in Russia to support its sales and marketing there, plus establish compounding capacity in the country. Lanxess, meanwhile, is continuing its push into the country's fast-growing automotive industry, among other end-use markets.
DSM and Russian specialty chemicals company KuibyshevAzot OJSC (KA; Togliatti, Russia) announced their formation of a strategic cooperation. As a result of this cooperation, DSM Engineering Plastics will enter into two joint ventures with KA. In both of these the Dutch company will hold a majority share....