In 1999 Repsol and KUO group joined forces in a global business project focused on the production of synthetic rubber based on solution and the development of new products. The team consists of seven different nationalities and has three production centers located in Spain, Mexico and China.
Sales offices serve more than 500 clients in 70 different countries. In 2015 during this international expansion strategy Repsol and Kuo Group strengthen their partnership with the incorporation of the Spanish company General Química one of the leading producers of catalysts, specialty chemicals and organic dyes.
As part of the new agreement KUO Group brings to the new JV its emulsion business unit, Industrias Negromex who has more than 40 years of experience producing Emulsion Synthetic Rubber and has plants located in Altamira, Mexico, and China; the companys wide range of products serve the tire, industrial, friction, adhesive, footwear, chewing gum, and retread segments.
All these businesses have now join forces as Grupo Dynasol becoming one of the world leaders in the Synthetic Rubber and Rubber Chemical markets with revenues estimated at up to more than 700 million dollars and a production of 500,000 tons per year.