Korea Kumho Petrochemical plans to spend over US$300 mln for expansion

20-Sep-07

Korea's fourth-biggest petrochemical company by sales - Korea Kumho Petrochemical Co. plans to spend 285.3 bln won (US$307.8 mln) for the expansion of its plants in southern Korea by 2010. The plants include a butadiene rubber (BR) plant and a rubber antioxidant plant in Yeosu and a styrene butadiene rubber (SBR) plant in Ulsan. Annual production will be increased to 342,000 tons from 222,000 tons in October 2009, SBR annual production will be raised to 531,100 tons from 421,000 tons in June 2010, and annual production of the rubber antioxidant also be raised to 70,000 tons from 31,000 tons in August 2008. The expansion aims at dominating the growing Asian markets including China in advance and reinforcing the company's presence in the global market.