MOL, Japan-based JSR to jointly establish rubber plant
Oil-and-gas company MOL and Japan Synthetic Rubber Corporation (JSR) have agreed to establish a joint venture and set up a plant in Hungary to produce rubber raw material for tires, according to a MOL announcement run on the Budapest Stock Exchange website yesterday.
JSR will hold 51% and MOL 49% in the joint venture. The companies have filed for competition office approval, MOL reported.
The plant will have capacity to produce 60,000 tons of solution polymerization styrene-butadiene rubber (S-SBR) per year, and sales are expected to start in 2017.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.