Lotte Chemical to invest $47.1M to double PIA capacity in Ulsan

Lotte Chemical Corp. will invest 50 billion won ($47.1 million) to add production facilities for purified isophthalic acid (PIA) at its plant in Ulsan, South Korea, nearly doubling capacity from 460,000 tons to 840,000 tons. Construction is expected to be completed by the second half of 2019.

“Lotte Chemical said on Monday its board approved the 50 billion won investment plan to ramp up its production facilities for PIA in Ulsan, South Gyeongsang Province.”polyestertime.com

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• polyestertime.comLotte Chemical to invest $47.1 mn to ramp up PIA production - Lotte Chemical Corp. will invest 50 billion won ($47.1 million) to add production facilities for high value-added purified isophthalic acid (PIA), a move that is expected to nearly double the PIA output of the Korean company - Lotte Chemical PIA production •Jan 16, 2018

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