Hyosung Vietnam's second PP plant starts production!

Recently, South Korea's Hyosung Chemical announced that the company invested 1.
5 trillion won to build a polypropylene (PP) plant into commercial production, and storage tanks and processing facilities for storing raw liquefied petroleum gas (LPG) will also be put into use at the same time
.
By doing so, Hyosung Chemical will accelerate its expansion into markets such as Southeast Asia and China by ensuring product price competitiveness
.

According to Hyosung Chemical, the PP plant officially put into operation is the second PP plant constructed by Hyosung Chemical in Ba Ria-Vung Tau Province, Vietnam, with an annual production capacity of 300,000 tons
.
In addition to the 300,000-ton/year production capacity of Vietnam's first PP plant, which was completed in March last year, Hyosung's total annual production capacity in Vietnam reaches 600,000 tons
.
This has become the largest PP production base in Vietnam
.

Hyosung Chemical expects that the completion of the PP project in Vietnam will help improve the company's export competitiveness to ASEAN markets
.
The company plans to use Vietnam as a global PP production base to further expand its overseas market share
.