South Korean petrochemical makers to invest USD 6.7 bln |
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(chemnet) --
South Korea"s petrochemical makers plan to invest Won 7.5 trillion (USD6.7
billion) this year on the upgrading and expansion of their production
facilities, up 2.7% from estimated investments of Won 7.3 trillion last year,
the Korea Petrochemical Industry Association said Thursday.
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The expected 2012 investment figure will be a record high, said KPIA, but
it noted that the growth in investment will be slower this year compared with an
estimated 28.1% rise in spending last year.
The industry group also said South Korean petrochemical companies are
planning to export USD47.5 billion worth of product in 2012, up 4.4% from
estimated exports of USD45.5 billion last year.
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Meanwhile, South Korea is expected to import USD18.5 billion worth of
petrochemical products this year, up 8.8% from an estimated USD17 billion in
2011, it added.
mrcplast.com
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