ZS Elastomers Co. Ltd. (ZSE), a solution styrene-butadiene rubber (S-SBR) joint venture between Zeon Corp. and Sumitomo Chemical Co. Ltd., has commenced operations.
Having already obtained regulatory approvals or clearance on the business consolidation both in Japan and overseas, ZSE takes over the sales and R&D functions of Zeon and Sumitomo Chemical relating to the S-SBR business as agreed on. Outside Japan, ZSE will also handle products manufactured by each company’s relevant subsidiaries in Singapore.
The new joint venture will work to expand the S-SBR business by maximizing multifaceted synergy effects that are expected to come about from new product development driven by fusion of respective company’s technologies, bolstered cost competitiveness, an enhanced stable supply of products, etc, Zeon says in a Press release.