Latest news with #Sibur
CNA
6 days ago
- Business
- CNA
Russian billionaire says replacement of SAP software is costly but essential
MOSCOW :Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany's SAP will require more time and money than anticipated but is a matter of survival. SAP, which became Europe's largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement. SAP provided software to Russia's largest companies, including airline carrier Aeroflot and Russian Railways, but gradually curtailed its business in response to Moscow dispatching troops to Ukraine in 2022 and stopped operations in March 2024. Steelmaker Severstal, owned by Mordashov, and petrochemicals firm Sibur have jointly sought to develop an alternative to SAP software. "We have done a lot to study this issue over the past year, but it turned out that everything is much more expensive and complicated, requiring more meticulous refinement," he said at a technology conference. "We understand the importance of this task... because we need to survive," he added. SAP held up to 60 per cent of the Russian market for business software before the Ukraine conflict, with the rest mostly divided between Microsoft and Oracle. Currently, many Russian companies are still using pre-installed SAP software but lack access to updates and support from the German company, making their systems vulnerable to failures. Mordashov's statement highlighted the difficulties experienced by Russian companies as they try to develop alternatives to Western software amid Western sanctions. Severstal and Sibur initially teamed up with domestic software maker Consist but have since exited the partnership. Severstal is now looking into solutions provided by developer Business Technologies. Other Russian companies like Russian Railways and oil firm Gazpromneft have chosen to cooperate with developer 1C, and are planning to launch a domestic alternative to SAP software in 2027.
Reuters
6 days ago
- Business
- Reuters
Russian billionaire says replacement of SAP software is costly but essential
MOSCOW, June 3 (Reuters) - Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany's SAP will require more time and money than anticipated but is a matter of survival. SAP, which became Europe's largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement. SAP provided software to Russia's largest companies, including airline carrier Aeroflot and Russian Railways, but gradually curtailed its business in response to Moscow dispatching troops to Ukraine in 2022 and stopped operations in March 2024. Steelmaker Severstal, owned by Mordashov, and petrochemicals firm Sibur have jointly sought to develop an alternative to SAP software. "We have done a lot to study this issue over the past year, but it turned out that everything is much more expensive and complicated, requiring more meticulous refinement," he said at a technology conference. "We understand the importance of this task... because we need to survive," he added. SAP held up to 60% of the Russian market for business software before the Ukraine conflict, with the rest mostly divided between Microsoft and Oracle. Currently, many Russian companies are still using pre-installed SAP software but lack access to updates and support from the German company, making their systems vulnerable to failures. Mordashov's statement highlighted the difficulties experienced by Russian companies as they try to develop alternatives to Western software amid Western sanctions. Severstal and Sibur initially teamed up with domestic software maker Consist but have since exited the partnership. Severstal is now looking into solutions provided by developer Business Technologies. Other Russian companies like Russian Railways and oil firm Gazpromneft have chosen to cooperate with developer 1C, and are planning to launch a domestic alternative to SAP software in 2027.
Yahoo
13-02-2025
- Business
- Yahoo
Russia's Sibur set to restart drone-hit petchem plant in March
MOSCOW (Reuters) - Russia's largest petrochemicals company, Sibur, plans in the first half of March to resume output at a plant that was suspended last month after a Ukrainian drone attack, a source familiar with company's plans told Reuters on Thursday. The company said on January 29 that it had temporarily suspended production at its plant in the city of Kstovo, some 530 kilometres (330 miles) east of Moscow in the Nizhny Novgorod region. It said the drone attack had led debris to fall onto the plant and caused a fire. There were no casualties. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. The Sibur-Kstovo plant produces ethylene, propylene and benzene that are used in the production of items including plastic pipes, window frames and linoleum. The company does not comment on the possible timings for the resumption of operations.
Reuters
31-01-2025
- Business
- Reuters
Russia's Sibur says shipments from Kstovo plant halted after Ukrainian strike
MOSCOW, Jan 31 (Reuters) - Russian petrochemicals giant Sibur said on Friday that shipments of products from its Kstovo plant had been suspended after a Ukrainian drone strike on Wednesday. In a statement, the company said repair work at the plant near Russia's Nizhny Novgorod, about 800km (500 miles) from the Ukrainian border, would be carried out. Earlier on Friday, local authorities said they had extinguished a fire at the facility. Advertisement · Scroll to continue Report this ad Ukraine has carried out frequent air attacks on Russian refineries, oil depots and industrial sites in an attempt to cripple key infrastructure underpinning Russia's war effort.
Yahoo
31-01-2025
- Yahoo
Blaze at Russian petrochemical works extinguished two days after Ukrainian strike, TASS says
MOSCOW (Reuters) - Firefighters have extinguished a blaze that had burned for two days at a petrochemicals plant in Russia's Nizhny Novogorod region struck by Ukrainian drones on Wednesday, state news agency TASS cited emergency services as saying on Friday. TASS quoted the local emergencies ministry as saying that the "open fire" had been "liquidated". Petrochemicals giant Sibur's Kstovo plant, which is about 800 km (500 miles) from the Ukrainian border, was struck alongside a nearby oil refinery overnight on Wednesday. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Sibur said at the time that it had temporarily suspended operations at the plant after debris from a Ukrainian drone sparked a fire. Ukraine has carried out frequent air attacks on Russian refineries, oil depots and industrial sites in an attempt to cripple key infrastructure underpinning Russia's war effort. (Writing by Felix Light; Editing by Jan Harvey)
