# Sibur and Gazprom Neft consolidate 100% ownership of Poliom polypropylene plant

Sibur and Gazprom Neft, through their joint venture Sibgazpolimer, acquired the remaining 50% stake in Poliom from the Titan Group, gaining full ownership of the polypropylene plant in Omsk, Russia.

- Type: Acquisition
- Announced: 2019-07-30
- Where: Omsk, Russia
- Status: completed
- Capacity: 218 kt per year
- Products: polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SIBUR](https://endata.com/companies/2258.md) (acquirer)
- [Titan Group](https://endata.com/companies/32935.md) (target)
- [Gazprom Neft](https://endata.com/companies/40980.md) (acquirer)
- [Poliom](https://endata.com/companies/40981.md) (target)

## Sources

- [extrusion-info.com](https://www.extrusion-info.com/news/1856), 2019-07-30: "SIBUR is committed to developing its polymer business as the demand in Russia and all over the world keeps growing ahead of global economy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.