SR JV Dynasol targets tire market - Tire Business
of Mexico have been equal partners in Dynasol since 1999. The JV claims to be the world’s second largest producer in asphalt modification and a leader in other applications such as adhesives, sealants, and technical compounds. The modified agreement calls for Kuo and Repsol to put more of their SR assets into the joint venture, expanding Dynasol’s annual capacities to more than 500,000 metric tons. As part of the new deal, Kuo will provide Dynasol with its emulsion SBR and nitrile rubber units in Altamira and nitrile rubber business in China as most of production at those units is allocated to the tire industry. With estimated annual revenues of about $750 million, the venture is to become a major player in high-growth markets such as Latin America, North America, and China, the partners said. The move “will make Dynasol an important player in the high-performance tire market, and we will significantly increase our production capacity and supply to our chemicals division,” said Repsol Chairman Antonio Brufau. _______________________________________________. This story appeared initially on the website of of Mexico have been equal partners in Dynasol since 1999. The JV claims to be the world’s second largest producer in asphalt modification and a leader... Source: www.tirebusiness.com
