07 August 2012 17:10 [Source: ICIS news]
HOUSTON (ICIS)--US Albemarle will expand its Yeosu plant in South Korea, allowing it to produce electronic-grade metal organics, the company said on Tuesday.
Property for the expansion has been acquired, and infrastructure plans have already been finalised and approved. The project is scheduled for completion in 2013, Albemarle said.
"Over 80% of the global demand for LED products is in Asia," said Jenny Hebert, global product manager for Electronic Materials. "Expansion of our Korea facility will ensure security of supply in this high-growth region while reducing transportation risks."
The recently approved expansion in manufacturing capacity will be used to make electronic-grade metal organics, which the company already makes at a facility in Baton Rouge, Louisiana.
"The expansion will more than triple Albemarle's current capacity for manufacturing electronic-grade metal organics," said spokesman Chris Dean.
Albemarle did not reveal capacity numbers for the plant.
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