Advanced Elastomer Systems.
Advanced Elastomer Systems and Golden Hope Plantations Berhad have formed two joint ventures dealing with natural rubber thermoplastic elastomers. The 50150 joint venture, Rubiatec Sendirian Berhad, will be the manufacturing component of the alliance. It will facilitate close collaboration between AES and Golden Hope to speed up the development and growth of the NR-TPE product range. Golden Hope will use technology licensed from the MRRDB. At a later time, a manufacturing plant will be established to meet the market. The second joint venture, Advanced Elastomer Systems Marketing Pte. Ltd., based in Singapore, is a 70/30 venture with AES holding the larger share. This unit is responsible for marketing all AES products, including NR-TPEs, in the countries known collectively as "Asean," including Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand.
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|Title Annotation:||Contracts, licenses|
|Article Type:||Brief Article|
|Date:||Aug 1, 1992|
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