China Synthetic Rubber.
China Synthetic Rubber synthetic rubber: see rubber. , a Taiwanese producer of carbon black, will acquire Continental Carbon Black (Houston, TX), a Witco unit, for about $120 million. The deal will make China Synthetic Rubber the world's fourth largest producer of the petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. material used in tires and paints, increasing its annual production capacity to 300,000 tons from 90,000 tons. It will hold 67% of Continental Carbon, and its parent, Taiwan Cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. , will own 33%.
COPYRIGHT 1995 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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