New chloroprene rubber project in China signs contract

Baotou, China – China’s Jinjiao High-Tech (Shanghai) signed contract with the local government of Baotou, Inner Mongolia in October to set up a new chloroprene rubber plant.

Located at the city’s Rare Earth New Materials Industrial Park covering an area of 667,000 square metres, the plant has €637 million (5.1 billion yuan) total investment and will be built in three phases.

According to local government website, phase one has €250 million investment earmarked with 30ktpa planned capacity.

Depending on market and other conditions, Jinjiao High-Tech will pump €200…

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