20 January 2014 07:42 [Source: ICIS news]
SINGAPORE (ICIS)--BASF is inaugurating a new 6,000 tonne/year high performance thermoplastics unit in Yeosu, South Korea, the German chemicals major said on Monday.
The plant will produce the company’s Ultrason polyarylsulfone high performance thermoplastics, it said in a statement.
“The production of our high performance plastic specialty Ultrason in [South] Korea supports our goal to locally produce approximately 75% of all BASF products we sell in Asia-Pacific by 2020, and demonstrates our commitment to this fast growing market,” said Raimar Jahn, BASF’s president at its performance materials business unit.
The new unit in Yeosu will boost the company’s global capacity of Ultrason polyarylsulfone to 18,000 tonnes/year and will create 50 new jobs, the company said.
BASF did not disclose the specific timeline for the plant’s inauguration or financial details of the project.
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