31 May 2011 07:17 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Asahi Kasei Chemicals will hold a groundbreaking ceremony for its 100,000 tonne/year solution-polymerised styrene butadiene rubber (SBR) plant in Singapore on 22 June, the company said on Tuesday.
Asahi Kasei will build the plant in two phases, with the first phase of 50,000 tonnes/year of capacity expected to be ready by June 2013, it said in a statement.
The other 50,000 tonnes/year of capacity is expected to come on stream in the first half of 2015, it said.
The wholly owned plant will be built at Tembusu district in the city-state’s petrochemical hub on Jurong Island, the company statement added.
Solution-polymerised SBR is a synthetic copolymer material used to improve the abrasion resistance, safety and fuel efficiency of high-performance tyres, according to the company.
The overall tyre rubber market in Asia is set to grow as rapid “motorisation” continues and tyre production shifts to the region, the firm said in an earlier statement.
Asahi Kasei will study further expansions for the new solution-polymerised SBR plant in Singapore while developing new products to meet “both growing demand and heightening customer requirements,” the statement added.
Financial details of the project were not disclosed.
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