Repsol and Grupo Kuo agree to expand Dynasol activities

Dynasol, a global maker of synthetic rubber, much of it destined for large off-road vehicles including construction equipment, will boost its production. Dynasol is a joint venture formed in 1999 by Repsol and Grupo Kuo. Dynasol will focus on developing products for the high-performance tyre which uses synthetic rubber as a raw material and accounts for 70% of the synthetic rubber demand worldwide. The joint venture will have an estimated revenue of US$750 million and will produce more than 500,000 tons a
April 28, 2015 Read time: 2 mins
8078 Dynasol, a global maker of synthetic rubber, much of it destined for large off-road vehicles including construction equipment, will boost its production.

Dynasol is a joint venture formed in 1999 by Repsol and Grupo Kuo. Dynasol will focus on developing products for the high-performance tyre which uses synthetic rubber as a raw material and accounts for 70% of the synthetic rubber demand worldwide.

The joint venture will have an estimated revenue of US$750 million and will produce more than 500,000 tons a year of high quality material with the goal of becoming “a major player in Latin America, North America and China”, according to a statement from Dynasol.

Repsol chairman, Antonio Brufau said the agreement will “significantly increase our production capacity and supply to our chemicals division". Grupo Kuo chairman Fernando Senderos Mestre said “this new venture will strengthen our global position in the synthetic rubber market".

Dynasol is the world's second largest producer in asphalt modification and a major player in applications such as adhesives, sealants and technical compounds. It has facilities in Altamira, Mexico, and in Santander, Spain. At the end of the second quarter of 2015, a plant in Liaoning, China will be opened.

As part of the new agreement, Grupo Kuo will provide Dynasol with its synthetic rubber solution and nitrile rubber units in Altamira, Mexico, and China as most of its production is allocated to the tyre industry.

Repsol will contribute its chemical accelerators for rubber vulcanisation unit, General Química, located in Álava, Spain. It is the second largest European producer of these specialised products, the main application of which is the production of tyres, footwear and technical parts.

The headquarters of Dynasol will move from Dallas, Texas, to Madrid and the company will have operations centres in three countries - Spain, Mexico and China.

The agreement is subject to approval by government and other competition authorities.
Engines, Components & Tyres

For more information on companies in this article

Related Content

  • Wacker Neuson’s record-breaking quarter revenue
    May 10, 2012
    Wacker Neuson Group (WN) achieved its higher ever revenue quarter in the first three months of 2012. The €274million revenue recorded in Q1 2012 was a 29.3% rise on the €211.8million posted over the same period of 2011. “The compact equipment segment and the Americas region were our two strongest growth drivers, reporting revenue gains of 51% and 34% respectively relative to the previous year’s quarter,” said Cem Peksaglam, chief executive of WN. “Our expansion strategies are gaining traction. Despite gene
    Read More
  • Via Nordica turns international
    July 31, 2012
    Via Nordica, the road technology conference of the five Nordic countries (Denmark, Finland, Iceland, Norway and Sweden) has changed from the traditional Nordic event to become more international The conference, held every four years, rotates between the five countries, and the 2008 event, held in Helsinki, the Finnish capital, was a clear demonstration of the international trend. An accompanying exhibition attracted more than 70 companies and organisations from 14 countries. Pär-Håkan Appel, the secretary g
    Read More
  • Wacker Neuson’s strong growth in third quarter
    November 8, 2019
    The Wacker Neuson Group reports strong growth in its business activities in its third quarter for 2019. There was a double-digit rise in revenue to €467.2 million, a growth of 12.4% over the €415.8 million recorded for the same period in 2018. However the EBIT ratio was slightly below the result for the previous year at €40.2 million, a drop of 4%. The firm says that this growth was fuelled by significant gains in all three reporting regions. Group revenue for the first nine months of the year amounted t
    Read More
  • Doka lays foundation stone for new logistics centre
    July 15, 2013
    Globally renowned formwork technology firm Doka has laid the foundation stone for its new logistics centre for Germany. The new 11.4 hectare facility, being built within an industrial estate on the B 87 highway near the town of Apolda in Thuringia, is earmarked for completion by the end of this year. The first phase will initially create around 40 new jobs. The Doka Group is investing around US$18.28 million (€14mn) in this initial phase, as part of the ongoing development of its worldwide distribution and
    Read More

Highlighted Content