08 September 2000 04:07 [Source: ICIS news]
SINGAPORE (CNI)--Taiwan's China Synthetic Rubber Corp (CSRC) will inaugurate its carbon black plant in Ma'anshan, Anhui province, China, later Friday - its first project on the mainland, which it is scheduled to expand over the next two years.
The plant is not new. CSRC paid about $12.0m (Euro13.2m) for a majority stake in the state-run Ma'anshan carbon black plant earlier this year, renamed it China Synthetic (Ma'anshan) Chemical Industry Co, and has streamlined its operations and management.
The facility produces 25 000 tonne/year - 15 000 tonne of "hard" carbon black with the rest of the output being of the "soft" variety.
According to CSRC sources, their company will now retrofit the plant in a two-year project costing about $20.0m, which would raise output - to 45 000 tonne/year in 2001 and to 60 000 tonne/year in 2002.
The facility supplies product mainly to Taiwanese-owned tyre producers in nearby locations. They include Cheng Shin Rubber Industry Co, Hwa Fong Rubber Industry Co and Kenda Rubber Industry Co.
CNI understands that CSRC plans to invest in other similar and related businesses in China. Details were not immediately available, but one of the company's intended takeover targets is believed to be another state-run carbon black facility - in northeastern China.
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