Kumho Petrochemical begins 40 million project

摘要

RIZHAO,China-Kumho Petrochemical Co.broke ground on a 700,000-sq.-ft.SB-latex factory in Rizhao,the firm's third production base in China.The project will cost 40 million,half from Kumho Petrochemical and the rest,from Shandong Jinma Industrial Group,a Rizhao-based private company that operates in the petrochemical industry.Production at the plant is set to begin in 2008,with expected annual capacity of 150,000 metric tons and estimated sales revenue of.130 million per year.