RELEASED ON 13/03/13 (DD/MM/YY)
South Korean petrochemical company Lotte Chemical said Wednesday that it will build a new synthetic rubber plant in Johor Bahru, the capital city of Johor in southern Malaysia.
To this end, the company established a joint venture with Japanese chemical firm Ube Industries and Mitsubishi, both in Japan, and Lotte Titan Chemicals. The joint venture will be responsible for manufacturing and selling polybutadiene rubber.
The new plant, if completed, will have an annual production capacity of 50,000 tons (t). It is scheduled to be operated in 2014.
Ube Industries will provide technologies for the building construction and Lotte Titan Chemicals will supply butadiene as materials. Polybutadiene rubber is widely used to produce tire, conveyer belt, shoes and other rubber products of high dynamic characteristics.
In 2010, Lotte acquiredTitan Chemicals, a Malaysian company that produces butadiene to make polybutadiene rubber. Earlier, Lotte announced it will build a plant in Yeosu, Korea by 2015 to produce about 200,000 t of rubber.
SOURCE Maeil Business Newspaper
South Korean petrochemical company Lotte Chemical said Wednesday that it will build a new synthetic rubber plant in Johor Bahru, the capital city of Johor in southern Malaysia.
To this end, the company established a joint venture with Japanese chemical firm Ube Industries and Mitsubishi, both in Japan, and Lotte Titan Chemicals. The joint venture will be responsible for manufacturing and selling polybutadiene rubber.
The new plant, if completed, will have an annual production capacity of 50,000 tons (t). It is scheduled to be operated in 2014.
Ube Industries will provide technologies for the building construction and Lotte Titan Chemicals will supply butadiene as materials. Polybutadiene rubber is widely used to produce tire, conveyer belt, shoes and other rubber products of high dynamic characteristics.
In 2010, Lotte acquiredTitan Chemicals, a Malaysian company that produces butadiene to make polybutadiene rubber. Earlier, Lotte announced it will build a plant in Yeosu, Korea by 2015 to produce about 200,000 t of rubber.
SOURCE Maeil Business Newspaper