ERJ staff report (DS)
Leverkusen, Germany -- Lanxess AG said it will supply rubber polymers to the Taiwanese tyre manufacturer Cheng Shin Rubber Ind. Co. Ltd. The two companies have signed a four-year deal which covers the supply of solution SBR and polybutadiene rubber to Cheng Shin's factories. Lanxess said it hopes to double its volumes shipped to Cheng Shin over that period.
Lanxess said Cheng Shin aims to spend US$ 300 million every year to expand its production facilities in China, Thailand and Vietnam.
Lanxess said no-one was available to comment on pricing arrangements, where the material would be supplied, or current volumes until next week.
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Press release from Lanxess