20 April 2012 11:00 [Source: ICIS news]
SHANGHAI (ICIS)--South Korea-based Songwon Industrial Group plans to build two plants that will produce dust-free polymer additive packages called one-pack system (OPS) in the ?xml:namespace>
Construction of the first plant is expected to start in the second quarter in Bahrain, while the second OPS is due to be built in Abu Dhabi, UAE, in end-2014, said Philippe Schlaepfer, executive vice president for corporate development at Songwon, at the 2012 Chinaplas exhibition.
He did not disclose the capacities of the proposed facilities.
Songwon now owns an OPS facility in
Competitive pressure in the polymer industry, especially thermoplastics, is expected to remain strong, with the economics of investment remaining critical to fuel future growth both in the established and emerging markets, said Schlaepfer, who is a member of the Chinaplas Group executive committee.
The four-day 2012 Chinaplas exhibition at
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