Korea Engineering completes maintenance at Ulsan POM lines

09 May 2012 07:52  [Source: ICIS news]

SINGAPORE (ICIS)--Korea Engineering Plastics completed maintenance works and restarted its five polyacetal (POM) lines in Ulsan that have a combined capacity of 100,000 tonnes/year during the first half of this week, a company source said on Wednesday.

Each POM line was taken off line in turn, starting from April, for regular maintenance, the source said without providing further details.

Maintenance was done line by line as the company did not want to shut all five lines at once, the source added.

The restart of the lines is not expected to have an impact on the market, according to the source.

Meanwhile, the producer plans to increase its POM production capacity by building a 35,000 tonne/year facility at the same site in Ulsan.

Construction of the 35,000 tonne/year facility is expected to be completed in the fourth quarter of 2013, while commercial production is scheduled to start in the first quarter of 2014.

Financial details of the new facility were not immediately available.

Korea Engineering is a joint venture between Celanese (50%), Mitsubishi Gas Chemical (40%) and Mitsubishi Corp (10%).

POM, which is also known as acetal, polyoxymethylene and polyformaldehyde, is an engineering thermoplastic used in precision parts.

By: Heng Hui
+65 6780 4359

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