‘Rostec’, Vietnam Industrial Rubber Group and Ukraine OTR research institute joint venture







In May, 2011 ‘Rostec’ became entitled to rubber tree plantations practical use in Vietnam. Russian and Vietnamese governments drew up a protocol concerning 680.3 ha of rubber trees transferring to Russia. The protocol presupposed restructuring of Vietnamese debts to the USSR in Russian-Ukrainian-Vietnamese JV producing crepe rubber and the goods made of it.

Russia has 32% of ‘Virutex’ shares which were obtained by ‘Rostec’ in 2008.

Automotive industry is especially interested in rubber basic materials. Tyre producers are largest crepe and synthetic rubber customers. Light car tyres are usually made of synthetic rubber widely produced in Russia, but trucks require crepe rubber. Currently Russia and the CIS obtain raw material from Southeast Asia and Vietnam provides 80% of the procurement.

Every 10th ton of the rubber produced in Vietnam belongs to ‘Visorutex’. SVR 3L and SVR 20 crepe rubber manufactured by the JV has a keen demand in China.

Today Vietnam implements over 50 investment projects involving Russian financing.  Fuel and energy complex, automobile industry and agro-industrial complex are the most promising sectors. Goods turnover increases from year to year. During last 2 years crepe rubber procurement grew 1.4 times.