Moreover, players operating in the global emulsion styrene butadiene rubber market are focused on adopting various growth strategies such as mergers & acquisitions, in order to strengthen their market presence. For instance, in April 2018, TSRC (Taiwan Synthetic Rubber Corp.,) increased its shareholding in Indian Synthetic Rubber Private Ltd. (ISRPL) to 50%. ISRPL is a joint venture of TSRC, Indian Oil Corporation, and Marubeni Corporation located in Haryana, India for manufacturing of E-SBR. TSRC aims to expand its presence in India and South Asia region.
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