LEVERKUSEN, Germany (Nov. 7, 2008) — Rubber and chemicals manufacturer Lanxess A.G. and Taiwanese tire manufacturer Cheng Shin Rubber Ind. Co. Ltd. have secured a long-term supply agreement.
Via the partnership, over the next four years Lanxess will supply solution SBR and polybutadiene rubber to Cheng Shin, the Leverkusen-based firm said. The expects to nearly double the volume of high-performance rubber to Cheng Shin over that period.
The elastomers will be supplied through Lanxess' Performance Butadiene Rubbers business unit.
Cheng Shin is the world's 11th-largest tire manufacturer, Lanxess said. Through 2012, Cheng Shin plans to spend $300 million per year to expand its factories in China, Thailand and Vietnam