06 January 2009 06:14 [Source: ICIS news]
SHANGHAI (ICIS news)—China’s Tianjin Lugang Petroleum and Rubber Co. has started construction on its new 100,000-tonne/year styrene butadiene rubber (SBR) plant in Dagang district, a company source said on Tuesday.
Construction officially started 2 January and would last around 20 months, the source said adding the plant would come on stream in late 2010.
Meanwhile, a 60,000 tonne/year butyl rubber unit and a 50,000 tonne/year isoprene rubber facility were also included into the company’s construction pipeline, the source said.
“The total investment for the three plants is around yuan (CNY) 2.5bn ($?xml:namespace>
The company could get an annual sales of CNY 7bn once these plants are commissioned, he added.
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