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BASF and Kolon Plastics Co.
, Ltd.
will establish a joint venture in South Korea to produce polyoxymethylene (POM)
.
??????? A new joint venture-"Kolon BASF innoPOM Co.
, Ltd.
" was established at a 50:50 share ratio, with an annual production capacity of 70,000 tons
.
The new enterprise will be located in the Kolon Plastics Co.
, Ltd.
South Korea's Jinquan production base, which has already built a POM production facility
.
The new device is scheduled to be put into production in the second half of 2018, and will become the world's largest comprehensive POM production facility
.
??????? Both companies have many years of experience in the field of POM production, and the new device will adopt Kolon's high-efficiency production technology to achieve first-class product quality
.
?????? Hee Goo Jang, CEO of Kolon Plastics Co.
, Ltd.
said: "The new joint venture will combine the advantages of both parties to enhance overall competitiveness
.
Kolon Plastics Co.
, Ltd.
's global leading technology and efficient infrastructure will be new devices.
Create significant synergies
.
We look forward to further cooperation with BASF through the joint venture
.
" ?????? The POM products produced by this device will be sold to all over the world by the two companies under their own brand names and patented formulas
.
Raimar Jahn, Head of BASF's Performance Materials Business Unit, said: "BASF and Kolon have established a good business relationship for many years
.
The global POM market is developing rapidly, especially in the Asian market.
The new joint venture will further Enhance our production capacity and provide customers with high-performance innovative special products
.
??????? After the new plant in South Korea is put into production in the second half of 2018, BASF's Ludwigshafen base will no longer continue to produce POM
.
??? ???? Polyoxymethylene resin is an engineering plastic used for complex and durable parts
.
It has excellent strength, elasticity, friction properties and chemical resistance.
Polyoxymethylene can be widely used in automobile manufacturing, electronic and electrical, consumer goods, and medical Products and construction
.
??????? The brand name of Kolon's POM products is Kocetal?; the brand name of BASF's POM products is Ultraform?, which is widely used
.
, Ltd.
will establish a joint venture in South Korea to produce polyoxymethylene (POM)
.
??????? A new joint venture-"Kolon BASF innoPOM Co.
, Ltd.
" was established at a 50:50 share ratio, with an annual production capacity of 70,000 tons
.
The new enterprise will be located in the Kolon Plastics Co.
, Ltd.
South Korea's Jinquan production base, which has already built a POM production facility
.
The new device is scheduled to be put into production in the second half of 2018, and will become the world's largest comprehensive POM production facility
.
??????? Both companies have many years of experience in the field of POM production, and the new device will adopt Kolon's high-efficiency production technology to achieve first-class product quality
.
?????? Hee Goo Jang, CEO of Kolon Plastics Co.
, Ltd.
said: "The new joint venture will combine the advantages of both parties to enhance overall competitiveness
.
Kolon Plastics Co.
, Ltd.
's global leading technology and efficient infrastructure will be new devices.
Create significant synergies
.
We look forward to further cooperation with BASF through the joint venture
.
" ?????? The POM products produced by this device will be sold to all over the world by the two companies under their own brand names and patented formulas
.
Raimar Jahn, Head of BASF's Performance Materials Business Unit, said: "BASF and Kolon have established a good business relationship for many years
.
The global POM market is developing rapidly, especially in the Asian market.
The new joint venture will further Enhance our production capacity and provide customers with high-performance innovative special products
.
??????? After the new plant in South Korea is put into production in the second half of 2018, BASF's Ludwigshafen base will no longer continue to produce POM
.
??? ???? Polyoxymethylene resin is an engineering plastic used for complex and durable parts
.
It has excellent strength, elasticity, friction properties and chemical resistance.
Polyoxymethylene can be widely used in automobile manufacturing, electronic and electrical, consumer goods, and medical Products and construction
.
??????? The brand name of Kolon's POM products is Kocetal?; the brand name of BASF's POM products is Ultraform?, which is widely used
.