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Halcyon to become world no.1 in SIR natural rubber

Singapore – Natural rubber supply group Halcyon Agri Corp. Ltd has signed an agreement to acquire PT Sumber Djantin and PT Sumber Alam for S$105.3 million (€65.2 million), Halcyon announced 15 Jan.

The proposed acquisition involves the purchase of 100% of the issued and paid-up shares in the two companies via Halcyon’s Anson and Hok Tong subsidiaries.

The deal, said Halcyon, will add four standard Indonesian rubber (SIR) factories, located in Pontianak, with a combined licensed annual capacity of 132 kilotonnes per annum (ktpa) to Halcyon’s operations.

Combined with…

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