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DSM Chemicals, Kolon Industries and Namhae Chemical.

DSM Chemicals, Kolon Industries

DSM Chemicals, Kolon Industries and Namhae Chemical signed a joint venture agreement for the production of caprolactam in the Republic of South Korea. Named Hanhwa Lactam, the joint venture will have a total production capacity of 140,000 metric tons that will be executed in stages beginning with an initial annual output of 70,000 metric tons. Total investment is $200 million, with DSM investing 50%, Kolon 30% and Namhae 20%. Site preparation and construction will begin soon and commercial operation will commence in 1994.
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Title Annotation:signed joint venture agreement
Publication:Rubber World
Article Type:Brief Article
Date:Jun 1, 1991
Words:89
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