13 May 2013 16:33 [Source: ICIS news]
LONDON (ICIS)--Polish synthetic rubber producer Synthos should this year achieve almost full output at the neodymium polybutadiene rubber (Nd-PBR) plant it opened last year, Austria-based Raiffeisen Centrobank (RCB) said on Monday.
“I believe that volumes of Nd-BR rubber produced by the plant may grow by almost 10% year on year in 2013, and should reach about 80,000 tonnes/year – practically the full capacity utilisation rate,” said Dominik Niszcz, an analyst at RCB.
“The Nd-BR rubber capacity was not fully utilised in 2012, partly owing to an approval procedure for product specification from major clients,” noted Niszcz in assessing the outlook for the Synthos plant, which operates with neodymium catalyst technology licensed by France-headquartered tyre manufacturer Michelin.
Part of the plant's production last year was sold on the spot market instead of through contractual sales. However, with the approval procedure complete and more contractual sales kicking in this year, Synthos should achieve significantly higher polybutadiene rubber (PBR) profitability in 2013, Niszcz added.
Michelin is a customer for part of the production from the plant, which is located in Oswiecim, southern Poland, while Synthos sells output under its own brand to other manufacturers.
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