Lanxess and Cheng Shin Sign Long-Term Supply Agreement

The Performance Butadiene Rubbers business unit belonging to Lanxess AG and Taiwanese tyre manufacturer Cheng Shin Rubber have put their cooperation on a firm footing with the conclusion of a long-term supply agreement. Over the next four years Lanxess will supply solution SBR and polybutadiene rubber to Cheng Shin, and the company plans to nearly double the volume of high-performance rubber it supplies over this period.

This agreement will help supply Cheng Shin Rubber’s growing capacity, which, says Lanxess, is to be expanded on the back of plans to spend US$300 million a year until 2012 on its facilities in China, Thailand and Vietnam.