Reliance Industries confirmed the speculation of tie-up with Russian rubber giant Sibur and both company will setup a plant in Jamnagar costing around USD 450 million,
with initial capacity of 100,000 ton, this plant will be commissioned in late 2013.
SIBUR will be solution partner and RIL will supply monomers and provide the JV with world-class infrastructure and utilities
The agreement to this effect was signed during the recent visit of Russian President Dmitry Medvedev.
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