KKPC completes 120 kt BR expansion in Yeosu, Korea

ERJ staff report (DS)

Yeosu, Korea - Korea Kumho Petrochemical said it has completed a previously-announced expansion of its high-cis butadiene rubber (BR) plant in Yeosu.

The expansion, which represents an investment of 171 700 million won (euro 114 million) increases total capacity for high-cis BR at the unit to 287,000 tonnes from 167,000 tonnes a year.

KKPC said it hopes the expansion will increase its market share of the global BR / SBR market to 10.4 percent from 9.8 percent.

Local news reports quoted Park Chan-koo, chief executive of Korea Kumho Petrochemical, saying the company plans to sell a 1.5 per cent stake in Kumho Tire Co., in an effort to raise funds.

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News report from Comtex via Trading Markets (Korea)

News report from Korea Times