Kolon Plastics, BASF to set up JV for Production of Polyoxymethylene in Korea

摘要

Kolon Plastics and BASF have signed an agreement to establish a joint venture in Korea to manufacture polyoxymethylene (POM), an engineering plastic used in industrial, transportation, construction and consumer markets. The 50:50 joint venture named "Kolon BASF innoPOM, Inc." will have an annual capacity of 70,000 metric tons. It will be located at the existing manufacturing site of Kolon Plastics in Gimcheon, Korea, which already includes a POM production. The start of operation is scheduled for the second half of 2018 creating in total the world's largest complex for the production of POM. Both companies have long-term experience in POM production and will use Kolon's highly efficient production technology to provide best-in-class product quality.