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Lanxess and TSRC to Form Nitrile Rubber JV in China
1:57 PM MDT | May 7, 2010 | Deepti Ramesh
Lanxess says it will form a 50-50 joint venture with TSRC Corp. (Taipei) to build a plant at Nantong, China that will produce nitrile rubber (NBR). The two companies will jointly invest a total of $50 million to build the plant, which will have an initial capacity of 30,000 m.t./year and will serve the rapidly growing Chinese market. The jv, dubbed Lanxess-TSRC (Nantong) Chemical Industrial Co., will begin construction of the plant in September, 2010 and production is expected to start in the first half of 2012. “The Chinese NBR market is the fastest...
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