Sumitomo opens synthetic rubber plant in Singapore

Chemicals-2-692x240

Japan-based chemical firm, Sumitomo Chemical, has officially opened its first solution-styrene butadiene rubber (S-SBR) plant in Asia outside Japan. The plant will make Singapore’s Jurong Island one of the world’s largest manufacturing sites for synthetic rubber.

The product is used as a raw material for fuel-efficient tyres.

Sumitomo is seeking to tap on growing demand from major tyre manufacturers worldwide.

The plant, which will serve customers in Asia, Europe and North America, has an annual capacity of 40,000 metric tons.

At the official opening on Friday, Singapore’s Second Minister for Trade and Industry S Iswaran said that the government will continue to support the local energy and chemicals industry through infrastructure investments.

In particular, efforts will continue to be taken to keep utilities costs competitive — including energy efficiency initiatives and the development of different utilities.

Mr Iswaran said: “We are continuously working with companies at both the plant and system levels to reduce energy consumption and realise greater cost savings. The government has facilitated the development of different utilities options, such as biomass coal plants and energy-from-waste generation.

“The wider range of utilities options has helped to stabilise prices, while at the same time allowing for the test bedding of novel solutions which have the potential to generate cheaper and greener energy.”

 

 

 

Source : Channel News Asia | March 7, 2014

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy, Global Sourcing and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s