With its next-generation technology, Japan stands a reasonable chance of winning the race to dominate the promising organic electroluminescence (EL) market. This situation was brought to light by the Japan...
South Korea
Mitsubishi Chemical Boosts Korean Production of MAA for Concrete Admixture
Mitsubishi Chemical Corp. is set to increase its production of methacrylic acid (MAA) in South Korea, raising its annual Korean production capacity for the chemical by 50 percent to 24,000...
Idemitsu to More Than Triple Production Capacity of OLED Materials
Idemitsu Kosan Co. Ltd. (TYO:5019) plans to more than triple its current OLED materials production capacity by 2022. The move is motivated by expectations of surging OLED display production for...
Hyosung Moves Toward 1.3M Ton Capacity for Polypropylene in Asia
South Korea’s Hyosung Corp. will establish 1.3 million tons of polypropylene (PP) annual production capacity in Asia. Last year, Hyosung decided to increase its annual PP production at an existing...
Toray to Invest Heavily in South Korea
Toray Industries Inc. (TYO:3402) will invest 1 trillion won ($900 million) in South Korea over the coming four years through 2020. The Japanese company has set a sales target of...
Toray Moves Full Speed Ahead to Create Market for Carbon Fiber Business in South Korea
Toray Advanced Materials Korea Inc. (TAK), a Korean subsidiary of Toray Industries Inc. (TYO:3402), has been announced to be part of a cluster for the carbon industry in South Korea’s...
Plans for New LPG Cracking Furnaces Multiply in China, South Korea – Part 2
Falling crude oil and naphtha prices since 2014 have raised the profitability of petrochemical products such as ethylene, thus increasing momentum for the construction of new facilities in Asia. Liquefied...
Plans for New LPG Cracking Furnaces Multiply in China, South Korea – Part 1
Plans to build new liquefied petroleum gas (LPG) cracking furnaces to produce ethylene — a key building block in the manufacturing of petrochemicals — are proliferating in China and South...
Korean Government Encourages Industrial Restructuring Amid Petrochemical Oversupply
A structural reform of the petrochemical industry in South Korea is on the horizon. In addition to encouraging voluntary adjustments to production capacity, the South Korean government is placing emphasis...
With Increased Investment Activity, European Chemical Companies Show Keen Interest in Korea
European chemical companies are showing increased investment activity in South Korea. Germany’s BASF SE has decided to add new production equipment for polyarylsulfone in Yeosu, while Belgium’s Solvay SA is...
Anti-dumping Duties on Korean, Chinese Potassium Hydroxide Push Down Imports to Japan
Japanese imports of potassium hydroxide, an ingredient used in products such as fertilizers and agrochemicals, have followed a period of growth with a steep, sudden drop-off. This comes on the...
