Sumitomo opens synthetic rubber plant in Singapore

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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

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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