Taekwang Industrial and LG Chem form JV for acrylonitrile plant in Ulsan

Taekwang Industrial and LG Chem established a joint venture, TL Chemical Co., Ltd., to build a 260,000-ton-per-year acrylonitrile plant near Ulsan, South Korea. Taekwang Industrial holds 60% and LG Chem 40%, with total initial investment of 121.3 billion KRW.

“Through this joint venture, we can share the risks associated with large-scale investment while enhancing the competitiveness of our core businesses and expanding market dominance.”asiae.co.kr

• 1 source
• asiae.co.krTaekwang Industrial-LG Chem Establish Joint Venture for Acrylonitrile Production with Annual Capacity of 260,000 Tons - The Asia Business DailyHwang YoonjuJun 2, 2021

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