Tokyo-headquartered Zeon Corporation will establish a new subsidiary in Thailand, Zeon Chemicals Asia, for acrylic rubber manufacture and sale. The subsidiary will be located in Rayong province, Thailand and will have a capital of US$38.13 million.
Acrylic rubber (ACM) is a specialty synthetic rubber combining high heat resistance and excellent oil resistance. ACM is broadly utilised in under-the-hood automotive applications such as transmission seals, gaskets as well as inter-cooler hoses.
The demand for acrylic rubber is expected to expand steadily in the Asian region, led by production growth of internal combustion and turbo charged engine powered automobiles.
The Thailand operation joins Zeon’s existing acrylic rubber manufacturing capabilities in Japan and the US.
Zeon was founded in 1950 and has a global network of plants in Asia and North America, and research and development laboratories in Japan, the US, China, and Singapore.
With almost 70 years in business and consolidated sales of over US$2.9 billion, it has both the experience and the expertise in C4 and C5 chemistry to offer a wide range of products.