BASF announces plan to build compounding plant in Yesan
BASF, a German-based global chemical company, said yesterday that it will build a compounding plant for engineering plastics, such as polyamide and polybutylene terephthalate (PBT) compounds in Yesan, South Chungcheong.
Construction is set to begin on the plant by the first half of 2014 and it is expected to open by the end of 2015. More than 30 new jobs will be created at the plant, the company said. With an initial annual capacity of 36,000 metric tons, the plant will more than double the total compounding capacity of BASF’s engineering plants in Korea.