China Automobile Parts Holdings Ltd has announced plans to venture into the recycling of end of life tyres and other process rubber products in a joint venture with Selangor-based Sri Elastomers Sdn. Bhd.
China Auto Ready to Take on End of Life Tyres
“Sri Elastomers has the technical expertise and technology on the recycling of end of life tyres and other processed rubber products,” said a spokesman for China Auto, adding the Malaysian partner has the de-vulcanisation technology and processes to make new rubber compounds from recycled rubber.
China Automobile said the new rubber compound would be used to manufacture new rubber products.
“The objective of the agreement is to record the intention to form an alliance with Sri Elastomers to jointly venture to commercialise the technology in the city of Xiamen, Fujian Province, China,” it said.
It plans to set up a plant to recycle “end of life” tyres and other processed rubber products to produce compounds to be used in making new rubber products.