After successful acquisition of three domestic natural rubber plants, i.e. Hainan Enlian, Yunnan Xiangdong and Hainan Chengxin, Sinochem International has taken its first step of overseas natural rubber business expansion through acquisition of Malaysia Euroma Rubber Industries SEN.BHD, indicating that Sinochem has established a tetedepont for overseas expansion at Southeast Asia - the major producing area of natural rubber.
Euroma is a natural rubber plant with two decades history, which is registered at Kedah, the north of Malaysia. With advanced technology, consistent quality and an annual capacity of 30,000 tons, Euroma mainly provides Malaysia standard granulated rubber, compound rubber and high-level CV rubber, which is very influential in this industry. On Jul. 6th, a shareholder's agreement on acquisition of Euroma was executed at Pulau Pinang; and on August 16, this agreement was officially approved by Malaysia Foreign Capital Management Committee. By virtue of successful acquisition of Euroma, Sinochem further expands the capacity, improve integrated operation capability and rapidly expand raw material coverage. Meanwhile, the accumulation of overseas acquisition and team building experience will provide more opportunities for Sinochem to seek and acquire more rubber plants on the platform of Euroma in Southeast Asia countries including Malaysia, Indonesia, Thailand and Vietnam.