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
April 24, 2018 12:00 AM

Halcyon Agri acquires four Indonesian NR factories

Shahrzad Pourriahi
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Singapore – Natural rubber supply group Halcyon Agri Corp. Ltd has completed the purchase of four Indonesian rubber processing factories for S$86.75 million (€53.5 million), the company announced 23 April.

    The acquisition includes 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 adds 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.

    Following completion, PTSD and PTSA have become indirectly wholly-owned subsidiaries of Halcyon Agri.

    Combined with the acquisition of PT Pulau Bintan Djaya, announced on 8 Dec 2017, Halcyon will operate a total of 19 factories in Indonesia.

    The addition of the new factories will add a total of 192ktpa to the group’s annual processing capabilities and raise capacity in Indonesia to 877ktpa.

    According to Halcyon, the acquisitions are strengthening its competitive edge in the global tire majors market, and “propelling the group to become the single largest producer of SIR globally.”

    Future prospects natural rubber supply will be discussed and debated at Future Tire Conference 2018, taking place 30-31 May, during the Tire Cologne international trade fair in Cologne, Germany.  Click here for more information.

    RECOMMENDED FOR YOU
    Versalis gains sustainability cert for product from bionaphtha and chemical recycling
    Versalis gains sustainability cert for product from bionaphtha and chemical recycling
    Michelin tires will be “100% sustainable” by 2050
    Michelin tires will be “100% sustainable” by 2050
    MouldTex advances mould-texturing for friction-optimised rubber parts
    MouldTex advances mould-texturing for friction-optimised rubber parts
    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. 
    European Rubber Journal is published bi-monthly by NUERJ Ltd.

    Registered Office: Castle House, 89 High Street,
    Berkhamsted, Hertfordshire HP4 2DF, United Kingdom. 

    Tel. + 44 (0)203 196 0141 

    Registered No. 13104613 England

    Email: [email protected]

    Website www.european-rubber-journal.com

    Customer service 

    Tel. + 44 (0)203 196 0141 

     

    Resources
    • About us
    • Contact Us
    • Advertise with Us
    • Media Kit
    • 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