China Automobile Group plans to build tire recycling joint venture

China Automotive Group and its headquarters in Sri Lanka Elastomers Corporation recently signed a memorandum of understanding to establish a tire recycling joint venture.

Sri Elastomer Co., Ltd. owns technologies and expertise in the recycling of waste tires and other rubber products. The company has desulfurization technology and can make new rubber compounds .

The objective of the MOU is to establish a joint venture with Sri Elastomers to commercialize the technology in Xiamen, Fujian Province, China. Both sides plan to build a factory to recycle waste tires and other rubber products to produce rubber compounds.

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