Hyosung Chemical Decides on New Facility Investment Worth 21.7 Billion KRW
[Asia Economy Reporter Minwoo Lee] Hyosung Chemical announced on the 13th that it has decided to invest approximately 21.7 billion KRW to establish a comprehensive polypropylene pilot plant. This amount corresponds to 5.40% of the company's equity capital based on consolidated financials from last year.
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The company stated, "We are building pilot plant facilities at our Ulsan Yongyeon plant for trial production and new product development," and explained, "The investment decision was made to secure world-class process and quality competitiveness."
This content was produced with the assistance of AI translation services.
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