Taiwanese-Thai rubber plant

Taiwanese-Thai rubber plant

TAIPEI (DPA): Taiwan Synthetic Rubber Corp. (TSRC) will invest in an 80-million-dollar joint venture in Thailand to make polybutadiene rubber (BR).

BR is used to make car tyres, plastic modifier and other industrial products.

Thai Petro-chemical Industry (TPI) will hold a 51 percent stake in the plant in Rayong, a coastal town about three hours' drive south of Bangkok, a TSRC official said Monday.

TSRC will hold a 12 percent stake. Two Japanese investors, Ube Industry and Marubeni Corp., will share the remaining 37 percent.

The plant is scheduled to operate before the end of 1997 and produce 50,000 tons of BR a year, said the official who asked not to be named.

The four partners will form a joint venture company in Bangkok on November 6 to launch the project, he said.