A big deal
Cha Hwa-Youp, CEO of SK Global Chemical, left, and Xu Zhengning, president of Sinopec Sichuan Vinylol Works, smile yesterday after signing a deal in Chongqing, China, to set up a joint venture to produce butanediol, a key material used to make spandex and synthetic leather. SK Global Chemical and Sinopec will invest a total of about 680 billion won ($626 million) to build a plant, which will be China’s largest, with an annual output capacity of 200,000 tons of butanediol when it is completed in 2015. Provided by the company
with the Korea JoongAng Daily
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