# Lotte Fine Chemical to expand HEC plant capacity by 9,000 tons in South Korea

Lotte Fine Chemical is expanding its HEC (hydroxyethyl cellulose) plant by 9,000 tons, increasing total capacity to 19,000 tons, with an investment of KRW 45 billion (approx. US$40 million), to be completed in Q3 2018.

- Type: Expansion
- Announced: 2017-04-28
- Where: Yeocheon-dong, Nam-gu, Ulsan, South Korea
- Value: $40.0M (45.0B KRW)
- Starts operating: Q3 2018
- Status: announced
- Capacity: 9,000 tons (new), 19,000 tons (total)
- Products: HEC (hydroxyethyl cellulose)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LOTTE Fine Chemical](https://endata.com/companies/8859.md)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20170428000408), 2017-04-28: "롯데정밀화학이 고부가 스페셜티 사업 경쟁력 강화를 위해 수용성 페인트 첨가제로 사용되는 HEC(헤셀로스®)를 증설한다."
- [usmbc.co.kr](https://www.usmbc.co.kr/NewsArticle/758393), 2017-04-28: "회사 측은 '헤셀로스 사업 경쟁력 확보와 수익성 강화 목적'이라고 밝혔습니다."

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