HUNGARY: JSR, MOL get European Commission approval for new Hungarian S-SBR venture

The venture, owned 51 % by JSR and 49 % by MOL, will utilize MOL's existing plant infrastructures and JSR's S-SBR production technologies.

Commercial operations are scheduled for 2017 and a capacity expansion is under study and will be implemented based on demand.

The commission concluded, under the simplified merger review procedure, that the proposed acquisition would not raise competition concerns given the parties' limited market share and the presence of a number of strong competitors producing S-SBR in the European Economic Area.

Source: Weekly "PetroChemical News", Durham, NC, USA; 10 Feb 2014
(Syed Rashid Ali, Karachi, Pakistan)