Sibelco has been present in Russia since 2004, where we have successfully managed silica sand and clay mining and processing operations. The deal with FSK Group includes 4 operating entities: three operating sites in the regions of Moscow, Novgorod and Voronezh and a trading house operation based in the region of St. Petersburg.
The Russian activities of Sibelco serve a diversified range of end-markets, with strong market positions in the glass, construction and ceramics industries.
Since February 2022, Sibelco’s business in Russia operated on a stand-alone basis . Sibelco has always operated in full compliance with all applicable sanctions against Russia.
Since 2022, we have carefully monitored the situation, always with the best interests of our employees and customers in mind. Ensuring the continuity and stability of the business for the benefit of our 300 Russian employees was always one of Sibelco’s key considerations in the divestment of its business in Russia.
FSK group of companies is an industrial and construction conglomerate which incorporates one of the largest real estate developers in Russia as well as industrial and glass manufacturing facilities. The company has delivered projects in Moscow and St. Petersburg, as well as Moscow, Leningrad, Kaluga regions and Krasnodar and Primorsky kray. GK FSK has accumulated over 174 billion rubles in revenue in 2022.
Sibelco is a global leader in material solutions. Sibelco mines, processes and sells specialty industrial minerals – particularly silica, clays, feldspathics and olivine – and is a leader in glass recycling. Sibelco’s solutions support the progress of modern life and serve industries as diverse as glass, ceramics, construction, coatings, polymers and water purification. The Sibelco Group has production facilities in more than 30 countries and a team of some 5,000 people.