Samsung Total Petrochemicals Co., a 50:50 joint venture between Total SA and Samsung Group plans invest 550 billion won (US$522.5 million) in facility expansion. The facility expansion is planned in an effort to keep up with the rapid rise in demand in Asia for petrochemicals. The expansion project is expected to be complete by end-2007.
Production at the Daesan plant mainly serves the robust and rapidly growing Chinese markets for packaging, auto and general consumer goods industries.
The investment will raise the company's production of ethylene to 830,000 tpa, propylene to 550,000 tpa, styrene monomer to 870,000 tpa and polypropylene to 570,000 tpa.
27-Oct-05 
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