Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
    • 2022 Women Breaking the Mold
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Acquisition
June 15, 2021 02:37 PM

Bridgestone selling synthetic rubber plant in China

Bruce Davis
Tire Business
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    TOKYO—Bridgestone Corp. has struck a deal to sell its ownership stake in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC) to LCY Chemical Corp., a Taiwan-based company active in polymers, solvents and other industrial chemicals.

    Terms of the deal are not being disclosed, but Bridgestone said it expects to "make new synergy" with LCY, which it said is known for its "expertise for materials and chemicals."

    Huizhou, China-based BSRC produces synthetic rubber, predominantly styrene-butadiene rubber used in passenger tires, Bridgestone said. It generated $61 million in revenue in fiscal 2020, with 133 employees.

    The sale is expected to have only "minor" impact on Bridgestone's fiscal 2021 financial results.

    Bridgestone opened the SBR plant in 2008 with a rated capacity of 50,000 metric tons per year. Bridgestone continues to operate one synthetic rubber plant, the Firestone Polymers unit in Lake Charles, La.

    The deal puts Taipei, Taiwan-based LCY into the commodity rubber business for the first time. The firm's activity in polymers is in styrene-based thermoplastic elastomers and performance plastics.

    The move to divest BSRC ties into Bridgestone's strategy of enhancing its business portfolio by focusing on strategic growth investments to growth business and exploratory business, as outlined in the firm's Mid Term Business Plan.

    While Bridgestone is moving away from being vertically integrated in synthetic rubber, the company recently joined forces with Italian materials supplier Versalis A.G. to co-develop synthetic rubber with advanced properties for high-performance tires.

    Related Article
    Bridgestone opens SBR plant in China
    Bridgestone growth strategy to focus on restructuring, 'solutions' business
    Bridgestone, Versalis form strategic partnership
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Danfoss Power Solutions, former Eaton Hydraulics see success a year after purchase
    2
    Trelleborg sails into 'known waters' with Minnesota Rubber, Plastics acquisition
    3
    Inventory, microchips impacting 2022 auto sales, EV rollouts
    4
    Former Sibur CEO: Sanctions stunt global SR industry
    5
    Hexpol Silicones nearly triples space with move to Akron facility
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
        • 2022 Women Breaking the Mold
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION