Korea Kumho to invest US$110 mln by 2012 in capacity expansion to meet rising demand

28-Apr-11

Korea Kumho Petrochemical Co., a petrochemical unit of South Korea's Kumho Asiana Group, said Tuesday that it will spend 120 billion won (US$110.5 million) by 2012 to expand its plants in a bid to meet rising demand, as per Asia Pulse. Korea Kumho Petrochemical will increase the annual production capacity of solution styrene butadiene rubber (SSBR) to 84,000 tons from the current 24,000 tons at its plant in Yeosu, of styrene butadiene rubber (SBR) to 560,000 tons from the current 480,000 tons at its plant in Ulsan. It wil also set up a production line for nitrile butadiene latex (NB latex) with an annual production capacity of up to 120,000 tons at its Ulsan plant.