Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
June 17, 2013 12:00 AM

Michelin and Petrokimia Butadiene launch synthetic rubber joint venture

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    ERJ staff report (BC)

    Clermont-Ferrand, France – Michelin and PT Petrokimia Butadiene Indonesia (PBI), a wholly owned subsidiary of PT Chandra Asri Petrochemical Tbk (CAP) have signed an agreement to create a joint venture company to produce synthetic rubber. The new company will be owned 55 percent by Michelin and 45 percent by PBI.

    The total investment in the project is estimated at US$435m (€326m). Plant construction is expected to commence in early 2015, with completion and start-up targeted for the beginning of 2017.

    Michelin and PBI expect to “bring significant synergies and create value both for the Indonesian and South East Asian markets.”


    This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

    Press release from Michelin

    RECOMMENDED FOR YOU
    Tatneft unveils €112m expansion at Kama Tyres plant
    Tatneft unveils €112m expansion at Kama Tyres plant
    Air France, Michelin extend come-fly-with-me deal
    Air France, Michelin extend come-fly-with-me deal
    DKT IRC organisers line up symposium in lieu of postponed event 
    DKT IRC organisers line up symposium in lieu of postponed event 
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac