Japan's synthetic rubber companies expand their capacity to grab the market

As the global economy resumes growth, the Asian automobile industry continues to show rapid growth. In particular, the automobile industry in emerging markets is still in a period of rapid growth. Driven by these positive factors, the demand for tires in the world will increase at an average annual rate of 3% to 4%. Growth, such growth is expected to prompt the Japanese synthetic rubber manufacturers to take active action and launch new projects across Asia.

Last week, Japan Synthetic Rubber announced that it will establish a 50,000-100,000 metric tons solution-based styrene-butadiene-butadiene-butadiene rubber (SBR) plant in Matabao, Rayong Province, Thailand, with Thailand's BST, which is planned to be completed by June 2013. The shareholding ratio is 49:51. The expansion plan of Japan Synthetic Rubber Company is not limited to this one product. In January of this year, the company announced that it would expand the EPDM capacity of its joint venture company, Kumho Polychem in Korea, and build a new annual production capacity of 6 in Lishui, Korea. Tens of million EPDM rubber plant, the new unit is scheduled to be put into operation in September 2013, which will enable the company's annual production capacity of ethylene propylene diene monomer products to reach 186,000 tons, making it the world's largest EPDM rubber production. Business. Japan Synthetic Rubber Co., Ltd. said that the new production capacity will be mainly used to meet the growing demand of auto parts manufacturers in South Korea and users in China and India.

Japanese Asahi Kasei Corporation is also a good car market. In October last year, Asahi Kasei externally stated that it plans to build a 100,000 ton-a-year solution-soluble styrene-butadiene rubber plant on Jurong Island in Singapore to seize the high fuel efficiency tire market. The entire project will be constructed in two phases, with an annual production capacity of 50,000 tons for the first phase and completed in June 2013. The second phase of the energy expansion project will be completed in the first half of 2015, at which time the annual production capacity will increase to 100,000 tons.

In the face of such a market situation, Japan's Sumitomo Chemical must of course compete. In August last year, the company announced that it will build a new 40,000 ton-a-year solution-based styrene butadiene styrene (SBR) plant on Jurong Island, Singapore, and is expected to officially start production in the fourth quarter of 2013.

Japan Zeon Corporation also announced that it will build a 60,000 to 70,000-ton solution-polymerized styrene-butadiene rubber plant with an annual capacity of 60,000 to 70,000 tons in Singapore in order to further expand its market share in high-fuel-efficient tire-polymerized styrene-butadiene rubber. The current 10% increase to more than 20%. The company expects that by 2020, its sales of SBR will reach 35 billion yen (4.2 billion U.S. dollars), which is more than three times the current level.

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