# Dawn Polymer to acquire Hwaseung Chemical's plastic compound business in Vietnam for $15.7M

Shandong Dawn Polymer Material Co., Ltd. plans to acquire the plastic and engineering plastic compound business of South Korean Hwaseung Chemical in Vietnam through its Singapore subsidiary for a provisional transaction value of $15.737 million. The acquisition will give Dawn Polymer localized production capabilities in Vietnam.

- Type: Acquisition
- Announced: 2026-02-02
- Where: Vietnam, Vietnam
- Value: $15.7M
- Status: announced
- Products: plastic compounds, engineering plastic compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hwaseung Chemical Co., Ltd.](https://endata.com/companies/90058.md) (target)
- [Shandong Dawn Polymer Material Co., Ltd.](https://endata.com/companies/90125.md) (acquirer)

## Sources

- [news.chemnet.com](https://news.chemnet.com/news-1829.html), 2026-02-04: "On February 2, Shandong Dawn Polymer Material Co., Ltd. disclosed a major overseas acquisition plan, intending to acquire the plastic and engineering plastic compound business of South Korean chemical giant Hwaseung Chemical in Vietnam."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.