Taiwan Synthetic Rubber Corp. (TSRC) has boosted its thermoplastic elastomer (TPE) capacity, global reach, and technology portfolio through the $168 million acquisition of Dexco Polymers LP, the ExxonMobil Chemical and Dow Chemical joint venture. Headquartered in Houston with manufacturing in Plaquemine, LA, Dexco has annual production capacity of 32,000 tonnes and 30,000 tonnes of styrene-isoprene-styrene (SIS) and styrene-butadiene-styrene (SBS) block copolymers, respectively.
Wei-Hua Tu, TSRC president and CEO, was on hand in Louisiana for the March 31 signing ceremony and told PlasticsToday that the Dexco deal marked a new strategic initiative for the Taiwanese company, founded in 1973. "This is the first time TSRC has done a geographic expansion outside of Asia," Tu said. "It will be a new test for TSRC, and hopefully it will be successful."...