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.
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