On June 28th, 2012, Nanjing Jinpu Yingsa Synthetic Rubber Co., Ltd. started an annual production of 60,000 tons of nitrile rubber project. The Jiangsu Jinpu Group and Mexican KUO Group each held 50% of the shares, and the total investment was US$110 million. The two phases of construction, with an annual output of 30,000 tons, will be completed and put into operation in 2013. Due to the lack of domestic production capacity, a large amount of nitrile rubber products must be imported. Therefore, the completion of the project will greatly ease the domestic supply and demand contradictions, and will also greatly accelerate the internationalization of China's nitrile rubber industry.
It is understood that KUO Group is a leading multinational enterprise group in Mexico. Its products are sold to more than 70 countries and regions in the world and are the major producers of synthetic rubber in Latin America. Jiangsu Jinpu Group is a top 100 Jiangsu company with advanced manufacturing, real estate, and modern service industries as its core.
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