The world's largest polymer producer interested in setting up its production facility in Tatarstan

On September 10, at their meeting with Tatarstan President Rustam Minnikhanov in Singapore, representatives of the Indorama Group (Singapore) said that the Group is interested in setting up its production facility in Tatarstan.

The Indorama Group, one of the world's leading producers of polymers, has 56 oil, gas and petrochemical enterprises in 23 countries, with the manufacturing capacity of 10 million tonnes of various petrochemical products per year.

According to the Group’s representatives, Indorama does not have any plants in Russia yet, however, the Group is interested in expanding its presence in the countries of the former Soviet Union, including the Russian Federation.

Rustam Minnikhanov, in his turn, said that the republic produces 1.2 million tonnes of ethylene and 1.4 million tonnes of plastics per year. "We want to develop this industry.  If you consider that participation in this process is possible, we are ready to cooperate," he said.

He suggested that the Indorama representatives should send more detailed proposals to the republic and Tatarstan party, in its turn, could make a presentation of opportunities available in the republic in terms of raw materials, transport infrastructure, etc.

"You are a very strong company, and it would be good to find common interest for all of us," Rustam Minnikhanov said at end of the meeting.

Aide to Tatarstan President on International Affairs Radik Gimatdinov, Chief Executive of Tatarstan Investment Development Agency Linar Yakupov took part in the meeting.