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Honam Petrochemical looking to PET

November 22/2010

(Korea JoongAng Daily) -- Honam Petrochemical, an affiliate of the Lotte Group, decided on Nov.19 to set foot in the polyethylene terephthalate (PET) film business as a part of its expansion strategy in the performance material business.


Honam said it will build a production facility within KP Chemicals site in Ulsan, which will be able to annually produce of 20,000 tons by 2012 and 40,000 tons by 2014.


Because Honam is the leading polyethylene producer in the Asian region and is ranked second in Asia for ethylene and polypropylene productions, its entry into the PET film industry will be a positive entry for its future task of becoming a total solution provider, but not so easy considering other competitors making a name in the market.


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Honam Petrochemical looking to PET

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