# Lotte Fine Chemical invests 115 billion won to expand methyl cellulose capacity in Ulsan

Lotte Fine Chemical announced a 115 billion won investment to expand methyl cellulose production capacity at its Ulsan plant by 13,000 tons per year, to a total of 60,000 tons.

- Type: Expansion
- Announced: 2019-04-29
- Where: Ulsan, South Korea, South Korea
- Value: $97.0M (115.0B KRW)
- Starts operating: Q4 2020
- Status: announced
- Capacity: 13,000 tons per year additional, total 60,000 tons per year
- Products: methyl cellulose
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [hankyung.com](https://www.hankyung.com/article/201904295123i), 2019-04-29: "롯데정밀화학은 울산 공장에 1150억원을 투자해 건축용 첨가제 소재인 메틸셀룰로스 증설에 나선다고 29일 발표했다."

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