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Hanwha Chem to shut PVC plant for maintenance in March

February 17/2017

MOSCOW (MRC) -- Hanwha Chemical is likely to take a polyvinyl chloride (PVC) plant off-stream for a maintenance turnaround, as per Apic-online.

A Polymerupdate source in South Korea informed that the company has planned to shut the plant in March 2017 for a period of around 10 - 15 days. The exact date of the shutdown not yet confirmed.

Located in Yeosu, South Korea, the PVC plant has a production capacity of 300,000 mt/year.

As MRC reported before, in April 2016,  Hanwha Chemical announced that it had succeeded in developing high value-added chlorinated polyvinyl chloride (CPVC), which has the improved heat and corrosion resistance, with its domestic technology. Since CPVC has a high technology entry barrier, it has been entirely imported until now. Accordingly, Hanwha Chemical has become the first company in the nation that succeeded in domestically producing CPVC. Last year, the company completed the detailed design and started construction of the production lines with annual capacity of 30,000 tons at the second plant located in Ulsan Petrochemical Industrial Complex, and it was to complete the construction by the end of 2016.

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.


mrcplast.com
Author:Margaret Volkova
Tags:PVC, SPVC, Hanwha Corporation, South Korea.
Category:General News
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