Zeon Corp. to Make Synthetic Rubber in Singapore From July 2013

Sept. 1 (Bloomberg) -- Zeon Corp. plans to begin production at its synthetic rubber plant in Singapore from July 2013.

The Tokyo-based manufacturer is building a solution-polymerized styrene-butadiene rubber plant at Jurong Island in Singapore that will begin producing 30,000 to 40,000 tons a year of the synthetic rubber in July 2013, the company said in an e-mailed press release. Another 30,000 to 40,000 tons a year of capacity will start operating in the first half of 2016.

Zeon aims to triple its annual sales of the product to $422 million by 2020, according to Naozumi Furukawa, the company’s president and chief executive officer.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net