Wacker to build new production facilities in South Korean
German chemical company Wacker Chemie is set to invest nearly €60m in its production facility in Ulsan, South Korea.
The investment will be used to build a new 80,000mt per annum capacity spray dryer for dispersible polymer powders.
Wacker also plans to build an additional reactor for dispersions based on vinyl acetate-ethylene copolymer (VAE).
The dispersions will be used in the spray dryer to produce polymer powders.
With the new reactor in-place, the facility’s VAE dispersion capacity is expected to be doubled.
Wacker Chemie CEO Rudolf Staudigl said: “Our investment in expanding our polymer-binder production facilities in Ulsan is a key step in our global growth strategy.
“The additional capacity will help us meet our Asian customers’ continuously rising demand over the long-term.”
Wacker expects that the expansion will help the company address growing demand for environmentally compatible dry-mix mortar products and meet market growth projected for the region.
Alongside this expansion, the company will make investments to modernise local infrastructure.
Wacker Chemicals Korea incharge Dal-ho Cho said: "The new facilities will not only secure Wacker’s supply chain in South Korea in the years ahead, but will also enable us to supply first-class, locally manufactured products and solutions to our regional customers to meet their specific needs.”
Construction work is scheduled to commence before the end of the year, with completion expected by the first quarter of 2019.