Versalis signs SBR sales agreement with Reliance China

Versalis signs SBR sales agreement with Reliance for China

11:31 AM, 21st July 2015
Versalis signs SBR sales agreement with Reliance for China
Daniele Ferrari, CEO, Versalis. (File photo)

SAN DONATO, ITALY: Versalis Pacific Trading (Shanghai), a 100 percent subsidiary of Versalis (Eni) said that it has signed a styrene butadiene rubber (SBR) sales agreement with Reliance Industries Ltd, to commercialize the rubber produced by Reliance in the new Indian plant.

The SBR sales agreement follows the license agreement that the two partners entered into in 2011 when Versalis worked with the Reliance plan to expand its activities in the market of synthetic rubber by offering technology license and know-how for the construction of 140 kilo tonne per year emulsion styrene butadiene rubber (ESBR) production unit at Reliance plant at Hazira in India, targeting in particular the tire market segment. The new plant is up and part of its production will be distributed by Versalis in China, where the automotive and tire industries are developing rapidly and represent a massive potential for rubber producers.

Versalis has been placing strong effort on its elastomers business development to keep a global leading position in the marketplace. The company established two regional subsidiaries, Versalis Pacific Trading in Shanghai (China) and Versalis Pacific India in Mumbai (India), with the aim of speeding up sales of its products in Asia and guarantee prompt technical and logistical assistance through its several warehouses located in Eastern China. Also new negotiations with other major international market leaders are being finalized, it said.

“The tire industry is acknowledged to be demanding in terms of R&D and ‘green’ performances. Versalis strategy can rely on an evolving technology platform and commercial network that aims to meet those needs. The agreement with Reliance enriches the growing portfolio of partners that have been valuing Versalis technical and commercial know-how for years, enabling to strengthen our competitive positioning in Asia,” said Daniele Ferrari, CEO, Versalis.

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