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
November 22, 2013 12:00 AM

MOL and JSR Corp to manufacture synthetic rubber in Hungary

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

    ERJ staff report (TP)

    Budapest − Hungarian oil and gas company MOL Nyrt said last week that it has reached an agreement with Japanese firm JSR Corporation to establish a joint venture in Hungary and construct a new plant to manufacture solution polymerisation styrene-butadiene rubber, or S-SBR, reported Margit Feher for The Wall Street Journal.

    JSR will hold 51 percent while MOL will retain the remaining 49 percent of the joint venture.

    The new plant capacity will be 60,000 tonnes per year, with the sales launch scheduled for 2017. A capacity expansion is also under investigation and will be implemented in accordance with the demand increase of S-SBR.

    MOL, through its subsidiary TVK, targets to build a 130,000-tonne per annum capacity butadiene extraction unit at the same location, in Tiszaujvaros, by 2015.

    The partnership with JSR provides MOL the opportunity to further diversify its petrochemical product line along the value chain by entering the S-SBR market as MOL can steadily provide the joint venture with raw materials.

    Located in Hungary, the joint venture could access Western Europe, a focal point for major tire manufacturers, as well as Central-Eastern Europe, Russia, and Turkey, where the expansion of tire production is expected. Furthermore, some major tire manufacturers have already commenced their operations in Hungary.

    Demand for S-SBR for fuel-efficient tires is expected to expand. S-SBR is highly valued worldwide as a raw material of a fuel-efficient tire known as an eco-friendly tire due to its excellent industry-leading properties suited to fuel-efficient tires and wet grip performance.

    The establishment of the joint venture is subject to obtaining the necessary clearance from the relevant competition authorities.


    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.

    Full story from The Wall Street Journal

    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