WACKER breaks ground on new production plant in South Korea
Ulsan’s plant complex, which covers the entire production chain from VAE dispersions to dispersible polymer powders, will be one of the largest of its kind in the world. Investments will total around €60 million and production is scheduled to start in the first quarter of 2019.
With the expansion, WACKER is meeting the increasing demand for its high-quality binders, which are particularly needed in the constantly growing construction industry in South Korea and Southeast Asia. “Our existing production facilities in Ulsan provide the ideal setting for the expansion. With this new capacity, we will be able to support our customers right across Asia in a more targeted way by offering them products tailored to their specific requirements,” said Christian Hartel, the WACKER Executive Board member responsible for Asia, at the ground-breaking ceremony. According to him, the expansion will also guarantee shorter delivery routes and times.
“We can see that our construction polymers, in particular, which make resource-efficient housebuilding possible, are in demand in this region like never before,” added Peter Summo, head of WACKER POLYMERS, during the festivities. “With our investment, we are ensuring that we will be able to securely meet future market growth in the region, too.”
Most read news
Organizations
Other news from the department manufacturing
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.