Dynasol Group regulations

As a differentiated solution provider in the elastomer and specialty  chemicals market, Dynasol Group is committed to creating sustainable  value and to meeting the expectations of its customers and interest groups through a disruptive technology, innovation and an excellent service.

In order to comply with the standards of quality, the management team strictly adheres to the applicable requirements: a commitment to safety  and respect for the environment. It also establishes clear objectives in line with the company’s aims that ensure continual improvement in its processes, placing importance on the development and competence of its labour force, motivating teamwork and the inclusion of all in a creative and innovative environment. All this makes us a global and agile Group,  well-equipped to adapt to change.

Quality Policy of Dynasol Group

 

Dynasol Group regulations

Dynasol Group as a provider of differentiated solutions for the elastomers and speciality chemicals market, is committed to considering human health, safety and the protection of the environment in the course of its operations, as an essential foundation of its strategy, across all its activities. To achieve this, Dynasol Group is guided by the following principles:

Leadership and culture

The Management will lead the health, safety and environmental protection programmes, considering them as a priority in the decision-making process, and will provide the necessary resources to ensure that all staff are aware of and work in accordance with these principles.

It will also promote a health, safety and environment culture that boosts appropriate risk perception, transparency and trustworthy reporting, continuous learning and innovation.

Integrating the criteria of health, safety and environmental protection
throughout the life cycle of our activities

Dynasol Group will ensure a proactive management of risks and impacts throughout the life cycle of activities and products in order to prevent harm to people, assets, and the environment.

Integrated management

The chain of command will integrate the health, safety and the environment policy in business management and will be responsible for applying its management system and obtaining the desired results.

Complying with regulations

Dynasol Group will comply with local laws wherever it operates, as well as with its internal regulations which will be drafted considering the legal trends and international standards, planning to reflect them.

Continuous improvement

Dynasol Group will systematically set improvement objectives and goals in terms of health, safety and environmental protection, evaluating the performance and applying any corrective actions necessary to achieve the proposed accomplishments, as well as defining the verification, auditing and monitoring processes to ensure them.

Communications and relationship with society

Dynasol Group will maintain communication channels with stakeholders and will work together with local communities and society, contributing its expertise and providing reliable and transparent information.

Whatever their position or location, all employees and contractors are responsible for their own safety and for contributing to individual and collective health, safety and environmental performance.

Health, safety and the environment are basic principles in decision-making, and all employees and contractors are responsible for accepting this principle, which will also be supported by the management.

Health, Safety and Environmental Policy of Dynasol Group

President of Cantabria unveiled commemorative plaque for the 50th anniversary of the Dynasol Gajano plant in the presence of senior officials of the Dynasol Group, Repsol and KUO.

The president of Cantabria, Miguel Angel Revilla, attended the commemoration of the 50th anniversary of the Dynasol plant in Gajano (Marina de Cudeyo), which took place at 12:00 at the factory.

The president was accompanied by the mayor of Marina de Cudeyo, Severiano Ballesteros; The Chairman of Grupo Desc (KUO) Mr. Fernando Senderos, the Managing Director of the Dynasol Group, Felipe Varela; The CEO of the KUO Group, Alejandro de la Barreda; Repsol CEO Josu Jon Imaz, Dynasol Group Managing Team and Dynasol Operations Manager in Spain, Antonio Mateo, among others.

Following the projection of a video about the history of the company and the intervention of the authorities, President Revilla uncover a plaque commemorating the anniversary. Also, during the ceremony, Severiano Ballesteros delivered a gift to the Gajano plant for its contribution to the development of the area.

The Gajano Plant

The Dynasol plant in Cantabria – the old Calatrava – currently has more than 300 workers among its own staff and contracted personnel, and is a reference center in the manufacture of synthetic rubber.

Their plant is spread over an area of 760,000 square meters, which have 4 reaction lines, 5 drying lines, a hydrogenation plant and a pilot plant. In 2010 the logistics platform was built and put into service, a modern facility that includes storage silos, packaging and packaging machines, and a covered warehouse with a capacity of 12,000 tons.

The new technology building is currently under construction to carry out its commitment to innovation and the development of differentiated products.

Dynasol is a joint venture of Repsol and Mexico’s KUO, which currently has manufacturing plants in Gajano, Altamira (Mexico) and the General Chemistry plant in Álava.

In the celebration of the 50th anniversary of the Gajano plant, the president has recognized that it is a “lujazo!” For the Community to have a company with about 400 employees that is the eighth in the world in the rubber business.

On October 25, 2016, the Gajano plant celebrated its first half-century of history with Institutional Representatives; Miguel Ángel Revilla (President of Cantabria), Severiano Ballesteros (Mayor of Cudeyo) and Samuel Ruiz (Delegate of Government in Cantabria), the presidency of our partners; Fernando Senderos (Executive President of KUO) and Josu Jon Imaz (Managing Director of Repsol) in addition to the Board of Directors and Management Committee of the Dynasol Group, Plant Management, representatives of the Work and Company Committee.

Congratulations for these first 50 years, Dynasol-Gajano!

Thanks to all the members of the different generations who, throughout this time, and with their effort and dedication, have made this historic event possible.

The whole Group is convinced that together we will continue to projecting Innovation, Quality and Safety for many years to come.

Mexico City, April 27th, 2015 – Grupo KUO, S.A.B. de C.V. (BMV: KUO), hereinafter Grupo KUO, announces today that, together with its partner Repsol, have agreed to strengthen their existing partnership in Dynasol (solution rubber), by jointly contributing human capital, assets, experience and resources to create a new company, leader in the production of synthetic rubber and chemical accelerators.

Since 1999, Grupo KUO and Repsol have been partners in the same proportion at Dynasol, a world leader in asphalt modifiers and plastics, with production facilities located in Altamira, Mexico; Santander, Spain and Liaoning, China, production facility that will start operations at the end of the second quarter of this year.

As a result of this agreement, Grupo KUO will contribute to this Joint Venture its emulsion rubber and nitrile business located in Mexico (INSA), as well as its nitrile rubber business (INSA GPRO), whose plant in Nanjing, China, will begin operations at the end of the second quarter of this year. Repsol will contribute its chemicals accelerators business, located in Spain (General Química).

As a result of these developments, the resulting company will target the high performance tires market segment; increasing its presence in the global rubber market, participating with diverse and complementary products and technologies focusing on high value-added solutions for the European, American and Asian markets. Given the aforementioned, Dynasol will have the required scale, technology and human capital to create value derived from future growth opportunities and will rank among the major companies in the sector, globally.

The company will have its headquarters in Madrid, with operating facilities in Mexico, Spain and China, as well as a sales office in the United States.

“We are very pleased to consolidate this alliance with Repsol, our long term and strategic partner. This new company will strengthen our position as a global player in the synthetic rubber market,” said Fernando Senderos Mestre, Chairman of the Board and Chief Executive Officer of Grupo KUO.

Antonio Brufau, Chairman of Repsol, said that “Through this agreement we take a qualitative leap in our alliance with Grupo KUO, to position Dynasol as a benchmark in the high performance tire market, and we will increase significantly our production capacity as well as our contribution to our chemical business”.

The new entity’s proforma revenues, based on 2014 figures, would reach approximately US $700 million, with a combined production capacity of over 500,000 tons.

As a result of this operation, KUO will generate positive net cash flow, and for accounting purposes, the new company results will be recorded in KUO’s financial statements under the equity method; and for a better understanding of the financial information, its results will be consolidated proportionately under pro forma basis.
This operation reflects the Group’s commitment to maximize the value generation for all its stakeholders, focusing both, resources and executive talent to their businesses with the highest growth potential. Furthermore, it demonstrates the confidence and support of Grupo KUO’s long- term strategic partners for the creation of this company.
This transaction is subject to the approval of the Mexican antitrust authorities (Comisión Federal de Competencia), the government agencies with jurisdiction on the matter, as well as other customary authorizations of these processes that may apply.

About Grupo KUO

Grupo KUO is a leading industrial conglomerate in Mexico, with annual sales amounting more than US $2 billion as of December 31st, 2014, exports to around 70 countries and approximately 17,000 employees. Its current business portfolio includes six Strategic Business Units: Synthetic Rubber, Herdez Del Fuerte JV (brand processed foods), Plastics, Pork Meat, Aftermarket and Transmissions, organized in the Consumer, Chemical and Automotive sectors.

This press release contains forward-looking statements that reflect the current opinions of Grupo KUO’s management regarding future events. The words or phrases “predict”, “believe”, “estimate” “expect”, “have the intention of”, “may”, “plan” and “should” and similar expressions generally indicate comments about expectations. These comments are subject to risks, uncertainties and changing circumstances. Final results may be materially different from current expectations because of various factors, which include but are not limited to global and local changes in politics, the economy, business, competition and market and regulatory factors, cyclical trends in the automotive and chemical sectors, as well as other factors that are highlighted under the heading “Risk Factors” in the annual report submitted by Grupo KUO to the Mexican National Banking and Securities Commission (CNBV). Grupo KUO has no obligation whatsoever to update these comments on expectations. Any comment on expectation is valid only on the date on which it is made.

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