MOSCOW (MRC) -- South Korea-based Hanwha Chemical has restarted operations at one of the two PVC lines, according to Apic-online.
A Polymerupdate source in South Korea informed that the company had enforced FM on PVC supplies on July 7, 2015 after an explosion at the plant. The company has restarted operations at one PVC line recently while the other line will remain shut till mid-August 2015.
Located Ulsan in South Korea, the PVC plant comprises of two lines with a combined production capacity of 210,000 mt/year.
As MRC wrote before, Hanwha Chemical has merged two of its chemical compounds businesses, Hanwha Next and Hanwha Compound. The combined entity, named Hanwha Compound, will produce polyethylene, polypropylene, polyvinyl chloride, and acrylonitrile butadiene styrene. The company will operate manufacturing plants in Yeosu and Suncheon, with an annual capacity of 100,000 tons.
Hanwha Group is one of the largest business conglomerate in South Korea. Founded in 1952 as Korea Explosives Inc., the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosives, their original business, to retail to financial services.
MRC