Chinese tyre recycling plant to feed ‘SRI Compound’ demand
A plant for converting end of life tyre rubber into a compound suited for use in new tyres will be set up in China’s Fujian Province if the aims of a new Memorandum of Understanding are fully realised. The MoU signed between China Automobile Parts Holding Limited and Malaysia’s Sri Elastomers Sdn. Bhd. on 18 March formalises both parties’ intention to form an alliance for the commercialisation of SRI Compound. Plans call for the establishment of a joint operation in the city of Xiamen.