You are here: / / / Sinochem International Buys 51% of GMG

Sinochem International Buys 51% of GMG

Author: Tyrepress Editors Comments: 0

Sinochem International Corporation subsidiary Sinochem International (Overseas) Pte Ltd. has Bought a 51 per cent stake in Singapore-based natural rubber producer GMG Global Ltd. for SG$ 267.

98 million (£106.4 million). GMG operates natural rubber business in Africa and elsewhere with plantations in Cameroon and Ivory Coast and processing facilities in Indonesia.

Amongst other things Sinochem International expects the deal to help position it for growth in the global rubber market. China contributes to over 20 per cent of the world’s natural rubber consumption but only produces 7 per cent of the production. .

Related news:

  1. For Yinbao Tyre, imitation is the highest form of flattery
  2. Cooper acquisition is a game changer – Apollo MD talks to T&A
  3. Cabot buys Chinese nanotube supplier for $115 million
  4. Cabot completes acquisition of Shenzhen Sanshun Nano New Materials
Comments
Comments closed
Share this entry
Costin Says Tyre Change Key to Turnaround Pistorius to Pitch for Pirelli

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.