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GS Caltex set up polymer compounds unit in Czech Republic

July 14/2011

(Plastemart) -- In an effort to diversify its overseas business portfolio, GS Caltex Co. has set up a unit in the Czech Republic to produce and sell polymer compounds. To be located in Karvina, the plant is expected to have annual sales of 100 bln won (USD 93.8 mln), and construction is expected to be completed next year. GS Caltex is South Korea's second-largest refiner. The unit, GS Caltex Czech, will start to build a plant later this year. Europe is one of the biggest polymer compounds markets, with demand estimated to have reached 1.2 mln tpa.

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