MOSCOW (MRC) -- On 5 June 2014, a delegation of Uz-Kor Gas Chemical headed by the Chairman of the Board of the company Mr. Lee Hong Yeol visited free industrial and economic zone "Navoi" (Navoi FIEZ), said 4-traders.
The Korean delegation represented the interests of the company Lotte Chemical Corporation (Korea), one of the members of the consortium of Korean companies - co-founder of Uz-Kor Gas Chemical. The joint venture is implementing the project "Construction of Ustyurt gas-chemical complex at Surgil deposit."
During the visit, the Korean delegation was acquainted with the conditions created for foreign investors in Navoi FIEZ, as well as International intermodal logistics center "Navoi".
The Korean side expressed the interest of Lotte Chemical Corporation for cooperation in implementing joint investment projects on the territory of NavoiFIEZ.
As MRC wrote before, Hyundai Oilbank and Lotte Chemical Corp. have established Hyundai Chemical as a new venture in the oil refining and synthetic fiber materials business. The venture, owned 60 % by Hyundai and 40 % by Lotte, will invest up to 1.2-trillion won, with production targeted to begin in the second half of 2016 at Hyundai’s Daesan plant in South Chungcheong province.
Lotte Chemical Corp. is engaged in the manufacture of petrochemicals. Its products include resin products and basic petrochemicals and chemicals. The resin products provides polyethylene, polypropylene, polycarbonate and functional resin, and polyethylene terephthalate.
MRC