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Honam Petrochemical to establish a manufacturing facility for polypropylene resin materials in Auburn

March 24/2011

(Plastemart) -- Honam Petrochemical Corporation is to establish a manufacturing facility for polypropylene resin materials in Auburn, its first US manufacturing operation. HPM Alabama Corporation will initially invest an estimated USD 9.25 million dollars and create 30 jobs by next year. HPM will also collaborate with Auburn University for R&D projects.


Honam is part of the Lotte Group. With annual revenue of approximately USD 50 bln and 35.000 employees, the Lotte Group is the 5th largest conglomerate in Korea.


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