03 October 2011 14:00 [Source: ICIS news]
BERLIN (ICIS)--South Korea’s Daesan MMA expects to start commercial production at its new $250m (€188m) methyl methacrylate (MMA) and polymethyl methacrylate (PMMA) facility in the first quarter of 2013, allowing the producer to become an exporter, a company source said on Monday.
Speaking on the sidelines of the 45th annual European Petrochemicals Association (EPCA) meeting in Berlin, Daesan MMA Corp’s president Ahn Ki Lee said the new facility will expand its MMA and PMMA capacity by 100,000 tonnes/year and 60,000 tonnes/year respectively.
“The expansion will be 50% for domestic and 50% for exports,” said Lee. While the company will predominantly target export destinations in Asia such as China, the company expects to sell a small amount of its export volume to Europe.
Daesan MMA currently has a capacity of 100,000 tonnes/year of MMA and 50,000 tonnes/year of PMMA, which is currently sold purely into the domestic market.
Technology for the new plant is licensed by Mitsubishi Rayon, which is a joint venture partner in Daesan MMA along with South Korea’s Honam Petrochemical.
MMA and derivative PMMA are predominantly used in the production of flat screen televisions and monitors.
($1 = €0.75)
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