Hungarian synthetic rubber JV announced

Hungary’s MOL Group and Japan’s JSR Corporation have reached an agreement to establish an S-SBR synthetic rubber plant in Tiszaújváros, Hungary. The plant is expected to begin operations in 2017 and JSR and MOL will hold 51 per cent and 49 per cent shares in the joint-venture respectively. Plant capacity will be 60,000 tonnes per annum, and in the long term the project should create more than 100 new jobs.

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