01/31/2015

www.gupta-verlag.de/rubber

Lehigh raises USD 8 million for expansion

JSR Corporation participated in the latest round of financing, joining existing investors Leaf Clean Energy; Kleiner, Perkins, Caufield and Byers; Index Ventures; and Florida Gulfshore Capital. Lehigh has commercialised a micronised rubber powder (MRP) technology that transforms end-of-life rubber material into a lower cost, sustainable speciality chemical that can replace oil-based materials in a wide range of end-use markets. Lehigh says that to date the product has been used in the manufacture of over 250 million tyres, and the company serves six of the world's top ten tyre manufacturers. This latest round of financing will give the company additional resources to drive growth in Europe and Asia, eventually culminating in local manufacturing, Lehigh said.

www.gupta-verlag.de/rubber