Michelin-licensed rubber JV completed in Indonesia

Jakarta – Construction work has been completed at a Michelin-licensed synthetic rubber production plant in Indonesia, with production set to start later this month, it was announced 20 Aug.

The facility is to be operated by PT Synthetic Rubber Indonesia (SRI), a $435-million (€375 million) joint venture company of Michelin and PT Chandra Asri Petrochemical Tbk (CAP).

Located in in Banten province, near Jakarta, the production will reach 120 kilotonnes per annum at full capacity, said CAP in a 20 Aug statement.

“This is a new milestone for…

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