GS Caltex starts up polymer compound plant in Czech Republic

30-Oct-13

GS Caltex has completed a compound resin plant with production capacity of 30,000 tpa in the Czech Republic. This is the first time a Korean petrochemical company has set up a resin plant in Europe. The plant is located in an industrial complex in Karvina, about 370 kilometers east of Prague. With the completion of its Czech plant, the company’s total compound resin production will go up to 190,000 tpa. GS Caltex also produces compound resin at plants in Langfang and Suzhou, both in China, with a combined annual production of 82,000 tons. Its domestic plants include the ones at the industrial complex in Yeosu, South Jeolla Province and Jinju, South Gyeongsang Province. GS Caltex aims to reach an annual capacity of 240,000 tons by 2016 by expanding its new Czech plant to produce 50,000 tons annually. Output will be sold to Korean companies in Europe, such as Hyundai Motor, Kia Motors, LG Electronics and Samsung Electronics.