25 April 2013 12:07 [Source: ICIS news]
SINGAPORE (ICIS)--Kolon Industries Inc said on Thursday it plans to invest won (W) 150bn ($134m) in a facility that will produce 30,000 tonnes/year of hydrogenated hydrocarbon resins in Daesan, South Korea.
The plant, which will be constructed at the Daesan Petrochemical complex in the southwestern part of the country, is expected to be completed by December, with full-scale production due next year, the South Korean firm said in a statement.
The new plant will increase the company's hydrocarbon resins capacity to 150,000 tonnes/year, making Kolon Industries the world’s third largest maker of the product, with annual sales exceeding W1,000bn, it said.
Hydrogenated hydrocarbon resins are mainly used in hygiene products such as nappies and sanitary napkins.
($1 = W1,117)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections