Global Processing

Sumitomo Chemical breaks ground on $140 million rubber plant

February 6, 2012

SINGAPORE — Sumitomo Chemical broke ground Monday on a $140 million synthetic rubber plant on Jurong Island, its first such facility outside of Japan, TODAYonline reported.

Scheduled to be completed in June 2013, the plant is expected to have an annual production of 40,000 metric tons of solution styrene butadiene rubber — a material for high-performance, fuel efficient tires.

"The company''s activities in Singapore encompass not only manufacturing, but also headquarter functions and talent development. With cumulative investments of over S$3 billion, Sumitomo Chemical is the largest Japanese investor on Jurong Island," said Minister for Trade and Industry Lim Hng Kiang.