Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
소아쌤

Kumho Mitsui Chemicals to invest W400b to expand chemicals production

By Yonhap

Published : April 21, 2021 - 10:45

    • Link copied

Park Chan-koo (C), chairman of South Korea's Kumho Petrochemical, and On Yong-hyun (R), CEO of Kumho Mitsui Chemicals, pose for a photo after approving a 400 billion-won ($358 million) investment plan to expand a methylene diphenyl diisocyanate (MDI) factory in Yeosu, 455 kilometers southwest of Seoul, on Wednesday, in this photo provided by Kumho Petrochemicals. (Kumho Petrochemicals) Park Chan-koo (C), chairman of South Korea's Kumho Petrochemical, and On Yong-hyun (R), CEO of Kumho Mitsui Chemicals, pose for a photo after approving a 400 billion-won ($358 million) investment plan to expand a methylene diphenyl diisocyanate (MDI) factory in Yeosu, 455 kilometers southwest of Seoul, on Wednesday, in this photo provided by Kumho Petrochemicals. (Kumho Petrochemicals)
Kumho Mitsui Chemicals Inc. said Wednesday it will invest about 400 billion won ($358.1 million) to expand its chemical manufacturing factory in South Korea's southwestern region.

The joint venture between Korean synthetic rubber maker Kumho Petrochemical and Mitsui Chemicals of Japan said its shareholders approved the investment plan to scale up a methylene diphenyl diisocyanate (MDI) factory in Yeosu, 455 kilometers southwest of Seoul.

MDI is a core material of polyurethane, which is used in various products, including refrigerators, building materials, car interior and exterior materials, and LNG vessels.

When the expansion is completed in 2024, Kumho Mitsui Chemicals' annual MDI production capacity will rise from the current 400,000 tons to 610,000 tons and it is expected to raise over 1.5 trillion won in sales, it said. (Yonhap)

More from Headlines