18 June 2013 15:00 [Source: ICIS news]
LONDON (ICIS)--Poland's Synthos has commenced construction of a 90,000 tonne/year solution styrene butadiene rubber (S-SBR) plant that will use licensed Goodyear production technology, the company said on Tuesday.
Synthos added that the cost of the plant – which will be equipped to switch over to polybutadiene rubber production instead of S-SBR, according to market demand – could reach more than zloty (Zl) 500m ($157m, €118m).
The installation is to be completed in the Krakow special economic zone in southern Poland by 2015, the company said.
US-based Goodyear last year agreed to purchase 20,000 tonnes/year of the plant's output, while Synthos intends to sell approximately 14,000 tonnes/year to domestic customers and export around 30,000 tonnes/year to Asia.
Tyre makers can producer high-performance tyres with S-SBR, with improved properties in rolling resistance, wet grip and traction, which reduce fuel consumption and improve safety and comfort.
The market for such tyres is set to grow at a higher rate than the market for conventional tyres, as tyre producers aim to comply with energy conservation regulations issued by EU member states and developed countries, Synthos said.
($1 = €0.75)
($1 = Zl3.18, €1 = Zl4.24)
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