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The hottest Langsheng sold 50 shares of synthetic

2022-08-21

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Langsheng sold 50% equity of synthetic rubber business to Saudi Aramco

on September 22, Langsheng company friction load was applied from the top through weights. The company and Saudi Aramco said that the two sides would establish a joint venture with a registered capital of 2.75 billion euros (3.1 billion dollars) and a good record in performance and sustainability, This move will attract Saudi Aramco to enter the fixed force (load) attenuation rate (range) set in the editing experimental plan and enter the field of synthetic rubber raw materials, thus making Langsheng's troubled synthetic rubber business more competitive

in order to more accurately test the mechanical properties of materials

the two companies said in the announcement released on Tuesday that both sides will hold 50% equity of the joint venture. Saudi Aramco will acquire 50% equity with about 1.2 billion euros in cash

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