Hanwha plans for PVC plant in China
Hanwha Chemical Corporation, a Korean chemical maker, said it plans to build a polyvinyl chloride plant in China to begin production in November 2011.The project, which requires approval from the Chinese government, will cost about 360 billion won ($385 million), Seoul-based Hanwha Chemical said in a regulatory filing yesterday.
Hanwha Chemical’s plant would produce 300,000 tons of polyvinyl chloride, or PVC, per year. PVC is used to make water-resistant clothing, garden hoses, floor tiles and window frames. The Korean firm will set up a company to build the plant in the Daxie economic development zone in Ningbo, the filing said. Bloomberg
with the Korea JoongAng Daily
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