9 Sep 2008
ERJ staff report (DS)
Hong Kong -- Sinochem International said it has acquired a 51 percent stake in the Singapore-listed NR producer, GMG Global Ltd.
GMG's principal activities are planting and processing rubber in Africa. The Group is engaged in planting, growing, tapping and processing natural rubber. Major products include centrifuged latex, block rubbers of latex and tyre-grade rubber. The Group operates in Singapore, Cameroon and Ivory Coast.
Sinochem is a chemical company based in China, which also has an NR trading division. In recent years, the company has established bases in Thailand, Malaysia, Singapore, Hainan and Yunnan of China for the purchase of natural rubber. it also owns a stake in the Yunnan Natural Rubber Industry Shareholding Co. Ltd and Hainan Natural Rubber Industry Shareholding Co., Ltd it also has extended its business in manufacturing the raw materials and acquired the shares of Hainan Sinochem Anlian Rubber Co. Ltd. and Xishuangbanna Sinochem Anlian Rubber Co. Ltd.
Sinochem is also the the largest distributor of the DSM Elastomers' EPDM materials.
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Press release from Sinochem
Press release from Sinochem announcing partial bid ( 11 July 2008)
Sinochem International Controls 51% of Singaporean GMG from Trading Markets
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