Suppliers

Michelin plans to produce 'green' synthetic rubber

Posted on June 19, 2013

Groupe Michelin and PT Petrokimia Butadiene Indonesia (PBI) have signed an agreement to create a joint venture company to produce synthetic rubber for The synthetic rubber plant will be the first in Indonesia and will produce feedstock for environmentally friendly tires.

Ownership of the new company will be broken down as follows: 55% Michelin, 45% PBI. The total Investment is estimated at $435 million.

Pending the final investment decision, plant construction is expected to begin in early 2015, with completion and start-up targeted for the beginning of 2017.

"In line with high growth of (the) auto industry in new emerged countries and the global trend towards more performance requirement from tires, i.e. tires which are safer, last longer and deliver fuel savings, the demand for more technological synthetic rubber are forecast to increase as these are necessary to deliver more performances in a single tire and be at the same time environmentally friendly," said Michelin in its press release announcing the joint venture.

The partnership will bring "significant synergies and create value both for the Indonesian and South East Asian markets."

PBI is a subsidiary of PT Chandra Asri Petrochemical Tbk, the largest vertically integrated petrochemical company in Indonesia.

The joint venture is part of the realignment of Michelin's global tire manufacturing. For more information, check out these links:

"More plant closures: Michelin targests Columbia.

"Michelin to invest $1 billion in French plants, close two truck tire factories."

Related Topics: Green, Indonesia, joint venture, Synthetic rubber

Comments ( 0 )
More Stories
Video Cemb Brings Fast, Touchless Wheel Alignment to North America

Cemb-USA/BL Systems Inc. is highlighting the 5-second, touchless wheel alignment system. Installation of the first system in North America is underway.

News Bridgestone Creates Partnership to Focus on Natural Rubber Source

Bridgestone Americas Inc. is partnering with a chemical company to develop a path toward the commercialization of guayle in the agricultural, sustainable rubber and renewable chemical sectors.  

The new G-Max RS is the General brand's first UHP summer tire. The company says its Smart Technologies offer impressive performance in dry and wet conditions while visual alerts provide driving confidence.
Product New G-Max RS UHP Summer Tire Rounds Out General Line

The new G-Max RS is the first General brand tire designed for the ultra-high performance summer tire segment.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!