AK Sibur management plans to significantly increase the production facilities, dismantle outdated equipment and enhance the tires product range.
In 2003 the profits of Sibur-Russian Tires LLC amounted to $600 million, it is expected to grow by 10-20% in 2004. But that will be possible only if the production is substantially upgraded since the company tire facilities utilization rate currently reaches 65-100%.
Starting from 2008 AK Sibur will invest over $100 million annually for these ends. This year the investments will amount to $30-50 million.
The company is going to expand the commercial and agricultural vehicles tires production and distribution and to develop the brand products.
By 2008 Sibur plans to increase its market share up to 60-65% for commercial vehicles tires (in 20-03 it was 47%), for agricultural-purpose tires – up to 70% (now – about 63%), the car tires is to be kept on the 2003 level (45%).
