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GS Caltex sets up a new polymer compounds plant

September 25/2012

(GV) -- GS Caltex announced on Friday that it had broke ground for a polymer compounds plant in the southern part of the country. The plant to be built in Jinju, 434 kilometers south of Seoul, is slated to start commercial operations in 2015 with an annual production capacity of 120,000 tonnes, the company said in a press release.

The company's Czech polymer compound plant that will annually produce 30,000 tonnes of polymer compounds is scheduled to be completed in October. GS Caltex currently has two polymer compounds plants in China with a combined annual production capacity of 86,000 tonnes.

GS Caltex said it has been providing polymer compounds to local and foreign companies, including Samsung Electronics Co., Hyundai Motor Co., Kia Motors Corp. and Toyota Motor Corp. The company plans to expand its supply of polymer compounds to European car makers such as BMW and Mercedes-Benz after the completion of its Czech plant. 

GS Caltex is South Korea's second-largest oil refiner. GS Caltex provides more than one-third of Koreas oil needs and exports over 50% of its products. 


mrcplast.com
Author:Margaret Volkova
Tags:IM, car components, GS Caltex, U. Koreya.
Category:General News
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