Cariflex: New polyisoprene latex plant in Brazil
Cariflex Pte. Ltd. announced that it will be constructing a new large-scale polyisoprene latex plant at its Paulinia, Brazil, facility to meet the strong market demand from its medical and consumer product customers. The company’s Board of Directors had already approved the approximate USD 50 million capital project in April 2020.
According to the company, the addition of this new production line is replicating the technology of the current fully utilised unit and will double the polyisoprene latex capacity of the site. Following the addition of this new unit, the resulting capacity in Paulinia, Brazil, combined with the existing capacity in Himeji, Japan, will strengthen the company’s position as a global supplier of polyisoprene latex. Customers will benefit from Cariflex IR0401 latex volumes sourced from four distinct production lines, said the company. The new plant is expected to be operational in Q1 2021.
"Cariflex is excited to be making a sizeable investment in the growth of the polyisoprene latex business. Cariflex polyisoprene latex is a unique synthetic alternative to natural rubber latex for dipped goods and various speciality products. With the current strong demand for medical protective equipment such as surgical gloves, we recognise our customers' needs to have more material available," said Philippe Henderson, Cariflex Sales & Marketing leader.
Daelim Industrial Co., Ltd named Prakash Kolluri as Chief Executive Officer of Cariflex Pte Ltd, for the global business. Sean Kim, Chief Executive Officer for Daelim Industrial Co., Ltd, said, "We are delighted to have appointed Mr. Prakash Kolluri who is a huge asset to the company. We are confident Prakash will move Cariflex Pte Ltd forward and bring a wealth of experience which will be extremely valuable in driving our future growth globally."
"Our strategic decision of capacity expansion, in support of organic growth, separates us from competition. Our industry-leading polyisoprene latex capacity acts as a catalyst for our valued customer base to make inroads in new geographies. Cariflex is strategically positioned and has a bright future serving medical and other high-value markets," said Prakash Kolluri.
Cariflex is a global supplier of isoprene rubber latex and isoprene rubber for medical end markets and other high-value markets. The company produces high value-added synthetic rubbers and latexes used for medical materials such as surgical gloves and rubber stoppers and seals for drug delivery devices. Cariflex is a wholly owned subsidiary of Daelim Industrial Co., Ltd. The company acquired the Cariflex isoprene rubber business from Kraton for USD 530 million at the beginning of March 2020.