TSRC, IOC, Marubeni to build 200kt SR plant in India - report

ERJ staff report (DS)

Taipei, Taiwan -- Taiwanese newspapers are reporting that TSRC Corp., Indian Oil Corp. and Japan's Marubeni Corp are prepareing to build a large synthetic rubber plant in India. None of the companies had responded to requests for clarification by presstime.

The reports said the three companies have signed a letter of intent to prepare a joint venture in which IOC owns 50 percent, TSRC owns 30 percent and Marubeni has the remaining 20 percent. The new company would set up a SR project to make up to 200 kt of rubber to serve the local tyre industry.

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Taiwanese rubber makers seek to expand into India from Taipei Times (Taiwan)

Taiwanese rubber makers expanding into India from Focus Taiwan (Taiwan)