Kuraray to establish butadiene derivatives JV in Thailand

Tokyo – Kuraray Co. Ltd, PTT Global Chemical PCL and Sumitomo Corp. are to invest in a project for the manufacture of butadiene derivatives – including thermoplastic elastomers (TPEs) – in Thailand.

The project will be operated by a joint venture called Kuraray GC Advanced Materials Co. Ltd, said a 27 Dec statement from Kuraray, which will have a 53.3% stake in the JV via an intermediate holding company.

As ERJ reported last June, Bangkok-based PTT Global Chemical will have a 33.4% stake in the venture.

Sumitomo Corp….

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