# BASF and Kolon Plastics form POM joint venture in South Korea

BASF and Kolon Plastics will form a 50:50 joint venture, Kolon BASF innoPOM, to produce 70,000 tons per year of polyoxymethylene (POM) at Kolon's site in Gimcheon, South Korea, with production planned for second half of 2018.

- Type: Partnership
- Announced: 2021-04-10
- Where: Gimcheon, South Korea, South Korea
- Status: announced
- Capacity: 70000 tons per year
- Products: polyoxymethylene (POM)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [Kolon Plastics](https://endata.com/companies/24454.md) (partner)

## Sources

- [soliao.com](https://www.soliao.com/news/basf/40812.html), 2021-04-10: "新合资企业将结合双方优势以增强整体竞争力。"

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