SINGAPORE—Cariflex Pte. Ltd., one of the world's largest suppliers of polyisoprene rubber latex, has announced a $350 million expansion that will double its global capacity.
The decision to build anew on a 6.1-hectare site in Jurong Island is strategic, the company said, as it brings Cariflex closer to its Southeast Asian customers who manufacture surgical gloves, condoms, and other medical and consumer products.
The investment and expected capacity expansion are the largest in the company's history, coming on the heels of a $50 million investment in a Brazilian production site.
The plant will be the first polyisoprene latex production facility in Singapore, according to Cariflex.