KOLON PLASTICS, INC. and BASF SE have signed an agreement to establish a 50:50 joint venture (JV) in South Korea to manufacture polyoxymethylene (POM), an engineering plastic used in industrial, transportation, construction and consumer markets. The JV named as Kolon BASF innoPOM Inc. will have an annual production capacity of 70,000 metric tons.
Kolon ENP Inc, formerly Kolon Plastics Inc, is a Korea-based company engaged in the manufacturing and sales of engineering plastics. The Company's products include polyoxymethylene (POM) and compound products. The Company is engaged in the production and sales of polyoxymethylene(POM), polyamide, and polybutylene terephthalate(PBT), among the five engineering plastics, as well as polyelastomer(PEL) and polyphenylene sulfide(PPS). The KOCETAL brand consists of polyoxymethylene products used in a variety of applications such as automobiles, office equipment and household goods. The Company distributes its products within domestic market and to overseas markets.
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ESG MSCI
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