08 June 2005 04:48 [Source: ICIS news]
The official said it was waiting for approval from its joint venture partners, Sumitomo Chemical and Nippon Shokubai, before proceeding with construction work. He added that the new plant would use Sumitomo’s C4 technology.
The investment cost for the project is estimated at Won50bn ($49.7m/Euro40.4m). It is scheduled to start up in April 2008.
CNI's sister publication Asian Chemical News (ACN) reported in November 2004 that the company was considering building an MMA plant in Daesan.
The official said the location had been changed to Yeochun because the company wanted the new plant to be closer to its existing plants.
The new plant would be the company’s third MMA facility. LG currently operates two MMA plants with a capacity of 50,000 tonne/year each at Yeochun.
LG’s 50,000 tonne/year optical-grade poly-MMA (PMMA) project at Yeochun is on schedule to come onstream on 1 July this year, added the official. Optical-grade MMA is used in the production of liquid crystal display (LCD) panels.
LG MMA is 50% owned by LG Corp, 25% by Sumitomo Chemical and 25% owned by Nippon Shokubai.
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