24 April 2013 18:32 [Source: ICIS news]
“While demand for S-SBR [which is extensively used in the production of high-performance tyres] is expected to grow at a higher pace globally, we would not reckon with a decline in emulsion rubber production [used for conventional tyres], as emerging markets growth should increase demand for both types of rubber,” said Dominik Niszcz, an analyst at Raiffeisen Centrobank.
The global shift from E-SBR to S-SBR has been accelerated by the decision of
Looking at the Lanxess investment, Niszcz said that “while the investment in conversion looks expensive, investors should bear in mind that the Brazilian market is to some extent isolated, and higher returns may be expected per tonne of product”.
Synthos would “join the top league in terms of quality” with its investment, he added.
($1 = €0.77)
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