Dynasol Opens Rubber Joint Venture in China
PANJIN, China — Dynasol Elastomers S.A. is preparing to begin production at its Chinese joint venture with Shanxi Northern Xingan Chemical Industry Co. Ltd. Liaoning North Dynasol Synthetic Rubber Co. Ltd. will have the annual capacity for 100,000 metric tons of solution styrene-butadiene rubber and thermoplastic rubber. When the Chinese facility comes online in 2015—either late first quarter or early second quarter—the firm will have localized production in all three major regions of the world. It produces more than 200,000 tons of SSBR, SBS and hydrogenated rubber (SEBS) per year combined at its existing facilities in Altamira, Mexico, and Santander, Spain. The firm is in the process of populating the Panjin facility with equipment, which is projected to be complete by the end of January 2015. Dynasol General Director Ignacio Marco said the plant represents about a $200 million investment, split evenly between the joint venture partners. “We knew we had to be in China. China is by far the largest market in the world, and on top of that, its growing at the highest rate. We were convinced that we needed to install a production plant in China,” Marco said.
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