Cheil Industries cranks up Chin engineering plastics plantCheil Industries, a materials producer under Samsung Group, said yesterday that its engineering plastic plant in Dongguan, China, is ready to begin production.
The company said Dongguan Samsung Engineering Plastics will have four production lines with a total annual capacity of 27,000 tons.
Engineering plastic is widely used in mobile products and automobile parts. Chiel Industries said that products from the Dongguan plant will be sold to Chinese companies. According to chemical consulting firm CMAI, China’s demand for synthetic resins will increase from 5.6 million tons this year to 6.8 million tons in 2018.
The company has operated a plant in Tianjin since 2010 and also operates a polycarbonate plant in Yeosu, South Jeolla.
More in Industry
DSME fined ￦15.3 billion for mistreating subcontractors
Hyundai, Naver to work together on connected car systems
SK Telcom merges two security services subsidiaries
KDB requests sit-down with Asiana unions about takeover
Are you Taycan to me?