Industry News

Sinochem and Halcyon Plans to Amalgamate their Natural Rubber Business Assets

China: Sinochem International Corporation, a china-based company primarily involved in the chemical and natural rubber businesses, has entered into an agreement with Halcyon Agri, a Singapore-based natural rubber supplier, to amalgamate their rubber business assets. On completion of the deal, the rubber business operations would be under the control of Halcyon Agri. The deal would be closed by end of 2016. According to the terms and conditions, Sinochem International would acquire 30.07% stakes in Halcyon Agri for USD0.75 cents per share, in cash. Additionally, as a part of deal, Halcyon Agri would acquire natural rubber processing assets of Sinochem in Malaysia and China and trading businesses, for consideration of 280 million Halcyon Shares. Post-completion of the deal, Sinochem would become the major shareholder of Halcyon Agri. The merged entity would have 153000 hectares of land in Africa and South East Asia, 35 rubber processing facilities across Malaysia, China, Indonesia, Thailand and Africa and annual rubber processing capacity of around 1.5 million tons.  

TechSci Research depicts that this amalgamation of natural rubber business of both the companies would increase the penetration of the companies globally as merged entity would have a strong distribution network across China, Asia, Europe and US.

According to the recent report published by TechSci Research, Thailand Rubber Chemicals Market Forecast and Opportunities, 2020”, the above discussed deal would have an influence on the demand for rubber chemicals, majorly in Asia-Pacific region. The market for rubber chemicals in Thailand is expected to witness a CAGR of around 4% during 2015-20 on account of growing tyre exports and increasing consumption of rubber processing compounds in non-tyre applications. Supportive government policies would further augment the use of rubber chemicals in the country.

Relevant Reports

Encapsulated Flavors and Fragrances Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Flavor Blends, Fragrance Blends, Essential Oils & Natural Extracts, Aroma Chemicals), By End User (Food & Beverages, Toiletries & Cleaners, Others), By Region and Competition,

Chemicals | Mar, 2024

Growing demand of encapsulated flavors and fragrances in food & beverage and cosmetic industries are factors driving the Global Encapsulated Flavors and Fragrances Market in the forecast period 2025-2029.

Relevant News