China's Haopu New Material starts up new Yantai BR unit in May '14

11 December 2013 04:00  [Source: ICIS news]

ChinaSINGAPORE (ICIS)--China’s Haopu New Material Science and Technology Co Ltd will start up its new 60,000 tonne/year butadiene rubber (BR) plant at Yantai in Shandong province in May 2014, a source close to the company said on Wednesday.

China National Chemical Engineering Group Co started installation works at the plant on 6 December, the company said in a statement.

The new yuan (CNY) 860m ($142m) BR unit is located at the Yantai Economic and Technical Development Zone.

Haopu New Material Science and Technology is partly owned by Jinyu Tire Group Co Ltd, a major tyre producer in China.

BR is a raw material used in the manufacture of tyres for the automotive industry.

($1 = CNY 6.07)

By: Viola Pan
+65 6780 4359

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