Mesnac buys synthetic rubber producer
Tyre equipment manufacturer Mesnac has acquired Fushun Yikesi New Material, a Chinese producer of synthetic rubber and resin products, for the sum of US$60 million, according to reports. The acquisition gives the company entry into the rubber raw materials side of the industry.
The company operates one facility in Fushun City, China, and produces about 400,000 tons of synthetic rubber per year.
Mesnac CEO Zheng Jiangjia commented: “Mesnac wants to be a global equipment supplier. If we don’t know the product or the raw material, it is very difficult to be a top level manufacturer. Today more and more customers ask us to provide high precision and high technology equipment to meet their requirements for their new products. It is very good for us if we know the raw material so we can change the design or develop new ideas within equipment manufacturing.”