ARLANXEO and TSRC announce the plan to relocate the current plant of its joint venture - ARLANXEO-TSRC (Nantong) Chemical Industrial Co. Ltd., from the northern to the southern section of the Nantong Economy and Technology Development Area (NETDA) Chemical Park, Jiangsu Province, to support the local government agenda of environment protection along the Yangtze River. Designed annual capacity of NBR (nitrile-butadiene rubber) in the new location will increase from 30,000 ton to 40,000 ton per annum to reinforce the global NBR supply and support local market growth demands.

Established in 2010, ARLANXEO-TSRC (Nantong) Chemical Industrial Co. Ltd. is a 50:50 joint venture between ARLANXEO and TSRC Corporation, providing a comprehensive portfolio of premier NBR products widely applied across mobility, industrial and other industries.

With the aim to establish one of the most modern NBR plants in the world, the company will further strengthen its business competitiveness in China. In designing and constructing the new plant, the company will apply best-in-class technology and high standards for safe operations and environmental protection. With completion of the project, the company will continue to offer its trusted premium quality product portfolio without business interruption. The company is grateful to the support of the NETDA government in making this relocation project successful.

“Our close partnership with ARLANXEO over the past decade has given us strong confidence in making continuous investments in Nantong. ARLANXEO’s global leading position in NBR offered the JV company a solid foundation, and we remain excited at the growth potential while meeting customer needs in NBR products and contributing to a greener future,” stated Kevin Liu, Vice President, Synthetic Rubber Division, TSRC.

“China remains one of the most strategic markets for ARLANXEO, one that is experiencing high growth, whilst innovation and sustainability requirements are rising to meet national development goals. Together with TSRC and leveraging their profound expertise in engineering and production know-how in China, we are committed to supporting this industry transformation opportunity together”, said Herman Dikland, Chief Technology Officer at ARLANXEO.

The construction of the new JV plant will start in the middle of 2022. Supply from the existing plant will be sufficient to offer business continuity and ensure the smooth transition until the new plant is fully operational.

About ARLANXEO

ARLANXEO is one of the world's largest producers of synthetic rubber and a wholly owned subsidiary of Saudi Aramco, a leading producer of energy and chemicals. It develops, produces and markets high-performance rubbers with a presence at more than 12 production sites in 9 countries and 7 innovation centers around the world. Its products are used for a wide range of applications: from the automotive and tire industries to the electrical, construction and oil and gas industries. For more information, please visit www.arlanxeo.com. Follow us on LinkedIn.

ARLANXEO in China

Following the establishment of ARLANXEO in April 2016, ARLANXEO officially commenced operations in China on August 1, 2016. Headquartered in Changzhou, ARLANXEO has a staff of around 350 employees in China, with production facilities in Changzhou and Nantong, in addition to a sales and administration office in Shanghai. ARLANXEO is also a partner of a joint venture with TSRC Corporation located in Nantong.

About TSRC

TSRC provides materials solutions of synthetic rubber (SR) and styrenic block copolymer (SBC) to customers in tires, footwears, plastic modifications, adhesives, and various specialty applications to make people’s everyday lives better, safer, healthier, and greener. Headquartered in Taiwan, TSRC operates its extensive production bases and commercial network to serve customers worldwide. TSRC’s shares are traded on the Taiwan Stock Exchanges under the ticker symbol “2103”. Find out more about TSRC, please visit https://www.tsrc.com.tw. For media inquiry, please contact spokesman@tsrc-global.com.

Forward-Looking Statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by ARLANXEO management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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