South Korea-based Hanwha Chemical has merged two of its chemical compounds businesses, Hanwha Next and Hanwha Compound. The combined entity, named Hanwha Compound, will produce polyethylene, polypropylene, polyvinyl chloride, and acrylonitrile butadiene styrene. The company will operate manufacturing plants in Yeosu and Suncheon, with an annual capacity of 100,000 tons. The company expects the merger to improve management efficiency across its petrochemical affiliates and related businesses
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