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.
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