(plastemart) -- The Munich-based chemical group, Wacker Chemie AG, is building a new plant with an annual capacity of 40,000 metric tonnes at its site in Ulsan, South Korea. The new facility is aimed to produce vinyl acetate-ethylene copolymer (EVA) dispersions for applications in the paints and coatings, construction, nonwoven, paper and carpet industries.
The plant has a budget of around EURO10 million and is expected to start up in January 2013.
Wacker already produces VAE dispersions of the Vinnapas brand in South Korea for the adhesives industry. This expansion will almost double company's Ulsan EVA dispersion capacity, making the enlarged production complex one of the biggest of its kind in South Korea. The company considers the expansion to be essential for reliably and enduringly meeting the market growth that industry experts anticipate in the region and thus strengthens its position as one of the world’s major suppliers of EVA dispersions.
MRC