Wacker to build VAE plant in South Korea
Wacker Chemie is planning to expand its vinyl acetate-ethylene copolymer (VAE) dispersions production capacity in South Korea by constructing a new plant, with a capacity of 40,000mtpy, at its Ulsan site.
The new plant is expected to almost all double Ulsan's VAE dispersion capacity, according to the company.
The company also produces vinyl acetate-ethylene copolymer dispersions and markets them under the brand name of VINNAPAS, which are used as binders in the adhesives industry.
Wacker is also constructing a second reactor line with an additional 40,000mt of annual capacity for applications in the paints and coatings, construction, nonwoven, paper and carpet industries in the wake of increased demands.
Auguste Willems, Wacker Chemie executive board member, said the new Ulsan VAE dispersions production facility is part of its global growth strategy.
"Our expansion projects in South Korea and China will double our VAE capacity in the region, and thus help us consolidate our already strong position as a globally leading producer of VAE dispersions," Willems added.
Wacker Chemicals Korea head Han-Hyung Cho, emphasising the importance of new plant for Asian markets, said: "The additional capacity will enable us to continue supplying high-quality, locally manufactured products and solutions to our customers in the region."
The €10m new Ulsan VAE production plant, which is expected to become operational in January 2013, will enable Wacker to meet increasing demand for high-quality VAE dispersions, especially in South-east Asia's developing countries.