Spain: Repsol and Kuo to create Rubber market giant

Mexican company Grupo Kuo and Spanish Oil giant Repsol have extended their partnership in the synthetic rubber business, transforming their joint venture into one of the top 10 rubber makers in the world. The company is expected to show income of over $750 million, focusing mostly on high-end tyre manufacture.

Kuo and Repsol are equal partners in the company Dynasol since 1999, currently being the second largest maker of modified asphalt, with plants in Mexico and Spain as well as future plants being built in China.

Dynasol will make over 500,000 tons of material this year, with a wider range of products that will seek to consolidate Repsol, Kuo and their joint venture as one of the Big Players in the global synthetic rubber market.

Full content: El País

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