Japan's Zeon Chemicals to invest $450m more on Jurong Island
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Singapore
JAPAN's Zeon Chemicals is preparing to invest another $450 million on Jurong Island, after inaugurating its pioneer $240 million synthetic rubber plant here yesterday. The expansion includes a second synthetic rubber production line here, as well as an adhesive materials plant - with the latter a forerunner of a major C5 petrochemicals investment plan the company has for Singapore.
"Singapore is set to become one of the most important business footholds in the group's global business strategy," said Zeon Corporation president Kimiaki Tanaka at the opening of its solution styrene-butadiene rubber (S-SBR) plant here. "We are planning to set up the second S-SBR production line in the near future, followed by the potential C5-related production."
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