# REXtac and DL Chemical to form hot melt glue joint venture in Yeosu

REXtac and DL Chemical agreed to set up a joint venture in Yeosu, South Korea, to build a plant producing 40,000 tons of APAO and hot melt glue annually, with production starting in the first half of 2023. Total investment is 150 billion won ($134 million).

- Type: Partnership
- Announced: 2021-06-15
- Where: Yeosu, South Korea
- Value: $134.0M (150.0B KRW)
- Status: announced
- Capacity: 40,000 tons per year
- Products: amorphous poly alpha olefin (APAO), hot melt glue
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [DL Chemical](https://endata.com/companies/55405.md) (partner)
- [REXtac](https://endata.com/companies/55824.md) (partner)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20210615144137527), 2021-06-15: "Production is to begin in the first half of 2023."

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