JSR Corporation (Representative Director and President: Mitsunobu Koshiba) has established and launched the operations of JSR Elastomer India Private Limited in Gurgaon, Haryana, with an eye to strengthening its sales and marketing of synthetic rubbers and other elastomer products in India.
India is currently the world's fifth largest producer of automobiles, and demand for elastomer products for tires and for automobile components there is predicted to grow. Moreover, it is expected that India’s demand for high-performance products, such as solution polymerization styrene-butadiene rubber (SSBR) for fuel-efficient tires, will grow amid market expansion and tougher environmental regulations targeting automobile exhaust.
Accordingly, JSR is looking to expand its sales of elastomer products in India by establishing this new subsidiary and localizing sales and marketing activities.
Outline of the new company
1．Name：JSR Elastomer India Private Limited
2．Location：Gurgaon, Haryana, India
4．Capital contribution ratio：JSR 99%, JSR Trading 1%
5．Business description：Sales agent for synthetic rubbers and other elastomer products
6．Capital：15 million rupees
7．Date of establishment：December 20, 2017