Sinochem subsidiary ink major contracts with overseas tire firms
Yiyang Rubber & Plastics Machinery Group Co., a subsidiary of Sinochem,has lately signed major contracts with tire firms from overseas.
The company, based in Yiyang city of Hunan province, central China, has reached contracts with Sailun Vietnam and SUMITOMO Brazil on machine remold and machine export.
Under another contract signed this year, Yiyang Rubber & Plastics Machinery will sell two internal batch mixers to a company in Iran.
Meanwhile, it has reached mutualintention with a firm from Vietnam to sell 16 vulcanizing machines to the latter.
In January, Sino Rubber Machinery, another subsidiary of Sinochem, inked a contract with Shandong Haohua Tire on 112 vulcanizing machines.
Accordingly, Chinese rubber machinery manufacturers mainly target at emerging markets such as Thailand, Vietnam, Sri Lanka, Malaysia, Central Asia and the Middle East.
The rubber machinery manufacturers also aim to provide integrated solutions of production lines for tire firms, more than just selling machines.
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