TPJ Group and Jingdong Rubber in reclaim deal

qiangzi

Monday, June 18, 2012
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Thiruvananthapuram, India - TPJ Group, a Kottayam-based rubber products manufacturing company, has signed a memoranda of understanding with China’s Jingdong Rubber to set up a white reclaim rubber production unit with an annual capacity of 1,200 metric tons in Kerala. White reclaim rubber made out of the waste material from TPJ Group’s latex factories. Jingdong will invest 30% towards the share capital of this joint venture and is expected to buy the bulk of the production. The surplus may be sold in India.