MOSCOW (MRC) -- Daelim Industrial is likely to shut its high density polyethylene (HDPE) plant for a maintenance turnaround, as per Apic-online.
A Polymerupdate source in South Korea informed that the plant is planned to be shut in November 2016 and it is likely to remain off-stream for around 15-20 days. The exact date of the shutdown could not be confirmed.
Located in Yeosu, South Korea, the plant has a production capacity of 270,000 mt/year.
As MRC informed previously, South Korea-based Daelim's petrochemical business division is planning to invest KRW74bn (USD67m) to expand its highly reactive polybutene plant located at Yeosu National Industrial Complex. The investment will help the company expand annual output of its existing Yeosu plant from 65,000t to 100,000t by November 2016. Following expansion, the company will be able to produce 185,000t of polybutene per year, including the polybutene plant's annual production output of 85,000t of general-purpose polybutene.
Daelim Industrial was established in 1939, and its E&C (Engineering & Construction) and Petrochemical Groups are the main lead of the Daelim Business Conglomerate (Chaebol). The fields covered by Daelim Industrial as one of the top EPC Company in Asia to the Middle East include gas, petroleum refining, chemical and petrochemical, power and energy plants, building and housing, civil works, and industrial facilities. Daelim Group has 17 subsidiary companies under its umbrella which includes Daelim Industrial (Construction Division), Daelim Industrial (Petrochemical Division), etc.
MRC