Synthos to launch production plant in Brazil
Synthos, one of Poland’s major chemical companies, has announced it would launch a polybutadiene rubber production plant in Brazil by 2017. The company has signed a licensing agreement to use Michelin technology in the unit.
The licensing agreement has been signed for a 20-year period. Synthos plans to produce about 80,000 metric tons of synthetic rubber in the new factory.
The company has also signed a 20-year contract with Michelin and a 10-year contract with Pirelli Tyre on the supply of polybutadiene rubber to their production plants in Brazil. The estimated value of the contracts is PLN 1.15 billion and PLN 1.55 billion, respectively.
