MILAN—Versalis is looking to expand its synthetic rubber business in the U.S. as part of an internationalization strategy, a company spokeswoman said commenting on reports that the company was considering making a significant investment in the country.
The Italian petrochemicals company will manage the distribution of Versalis' elastomers portfolio, including the new generation of products aimed at meeting demands in North American and South American markets.
“In 2016, we established a new trading company Versalis Americas Inc., based in Houston to reinforce the presence in the American markets, in particular in the elastomers business,” she said in an email.
Versalis said earlier this year that it planned to make further inroads into the North American market with its new grades of EPDM and solution styrene-butadiene rubber.
The company's products have been distributed in the U.S. since the late 1980s through commercial offices in New York and Houston.