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On June 17, 2011 at 12:30 p.m. Moscow time and 9:30 a.m. London time (BST) at the Press Centre of the St. Petersburg International Economic Forum (Pavilion 6, Conference Room 6.3), agreements will be signed for the project funding of “RusVinyl” LLC, under guarantees by the export credit agencies of France and Belgium.
The bank syndicate providing the financing includes Sberbank of Russia, the European Bank for Reconstruction and Development, BNP PARIBAS, ING Bank N.V. and HSBC France.
“RusVinyl” LLC is a joint venture between SIBUR, the leading petrochemicals producer in Russia, CIS and Eastern Europe and SolVin (a joint venture of Solvay and BASF), which is building a complex for PVC production with a capacity of 330,000 tonnes per annum in the Kstovo District of the Nizhny Novgorod Region.
The signing ceremony will be attended by:
- Prime Minister of the Kingdom of Belgium Mr. Yves Leterme
- Minister of Economic Development of the Russian Federation Elvira Nabiullina (to be confirmed)
- Chairman of the Board of Directors of ÑJSC “SIBUR Holding” Leonid Michelson
- Chairman of the Board of Directors of SolVin GMBH & CO. KG Jacques van Rijckevorsel
- President of SIBUR Dmitry Konov
- President of the European Bank for Reconstruction and Development Thomas Mirow
- Managing Director of SolVin Holding Nederland B.V. Emiel Mes
- CEO of “RusVinyl” LLC Jean-Louis Plumecocq
- Deputy Chairman of the Board of Sberbank of Russia Andrei Donskikh
- CEO of ING Bank N.V. William Connelly
- Head of corporate and investment banking HSBC Bank Chris Hurd
- Adviser to the Chairman of the Board of Directors “BNP PARIBAS” Group Jean Lemierre
