Mitsubishi Chemical, Samyang to set up jv for ion exchange resins

24 July 2013 17:10  [Source: ICIS news]

LONDON (ICIS)--Japan’s Mitsubishi Chemical and South Korea’s Samyang have agreed to set up a joint venture to produce ion exchange resins (IERs) in South Korea, Mitsubishi said on Wednesday.

The equal joint venture between Mitsubishi Chemical and Samyang plans to build a 20,000 cubic metre/year IER facility at Gunsan-city. The plant is scheduled to start production in May 2015.

The companies expect to invest about yen (Y) 8.1bn ($81m) in the plant, Mitsubishi said.

IERs are used in industrial water treatment at power plants and chemical plants, as well as in the purification of amino acids, the manufacture of ultrapure water, and in applications in the sugar refining and the food and pharmaceutical industries.

($1 = Y100)

By: Stefan Baumgarten
+1 713 525 2653

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