Russian chemical industry will grow 110%

Edited by the Processingtalk editorial team Feb 14, 2005

In 2004 the physical index of Russian industrial production in the chemical and petrochemical sectors is expected to reach 110% against 2003 due to growing export shipments

Following the results of 2004 the physical index of Russian industrial production in the chemical and petrochemical sectors is expected to reach 110% against 2003, due to growing export shipments of some product types.

This information was released in a recent Ministry of Industry and Energy public relations centre statement.

The mineral fertilizers production volume can grow by 10.3%, polyethylene - by 5%, polyvinylchloride resin - by 2.4%, polypropylene - by 5.3%, polystyrene and styrene copolymers - by 26%.

The commercial tyres production volume can grow by 3.3%, car tyres production - by 2.9%, synthetic rubber - by 2.5%, caustic soda -by 3.9%.

According to the Ministry PR centre statement, in 2004, the export currency revenues are likely to reach $7.4 billion, or 108.5% of the level of 2003, due to the chemical exports growth.