Sinochem Rubber Accomplished First Physical Delivery at Exchange
OREANDA-NEWS. May 31, 2012. With due delivery of the RU1205 agreement on natural rubber at Shanghai Futures Exchange, 300 tons of excellent-quality SCR WF under “Sinochem Rubber” brand and independently produced by Sinochem International (Holdings) Co., Ltd. (“Sinochem International” for short), a listed enterprise controlled by Sinochem Group, became one of the products for physical delivery under the 1205 agreement. This was the first physical delivery accomplished by natural rubber products of the “Sinochem Rubber” brand.
“Sinochem Rubber” is a famous product brand created by Sinochem International in the natural rubber field, and this series of products is widely recognized in China’s natural rubber industry and among relevant departments for its stable quality and sound processing performance. On December 16th, 2011, the Chinese home-made SCR WF of the brand “Sinochem Rubber” completed its registration with Shanghai Futures Exchange, becoming the third brand which had achieved its registration since Shanghai Futures Exchange started implementation of brand registration and delivery for natural rubber at the beginning of 2010.
As China’s largest rubber marketing service provider and one of the world’s most competitive natural rubber resource service providers, Sinochem International keeps exploring new operation models of the natural rubber industry, and the brand registration and delivery this time marked that the company’s rubber business had stepped onto a new stage.
Moreover, the company continues its extension towards upstream resources with natural rubber planting as the core, as it has formed a natural rubber planting and production resource network covering Southeast Asia, West Africa and Hainan and Yunnan of China by reserving and adding 100,000 hectares of natural rubber planting land in Africa, Indonesia and other countries and regions and developing a batch of emerging markets in the Greater Mekong Region such as Burma and Vietnam, etc. In February 2012, Sinochem International’s holding subsidiary GMG Global merged SIAT of Europe, providing significant support for global resource integration and marketing of the company’s rubber business. Currently, Sinochem International has developed a global layout for an annual natural rubber processing ability of 600,000 tons and with construction of processing and production bases completed preliminarily.
Furthermore, Sinochem International offers international tire manufacturers and foreign and Chinese core clients with stable quality resources and tailored value-added services through its professional personnel and with support of its marketing network, central warehouses and logistics and distribution facilities nationwide in order to grow with outstanding tire enterprises.
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