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    Home > Organic Chemistry Topics > Organic Chemistry Project > BASF will establish a polyoxymethylene joint venture in South Korea

    BASF will establish a polyoxymethylene joint venture in South Korea

    • Last Update: 2022-02-28
    • Source: Internet
    • Author: User
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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
    .
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