# DL Chemical and Rextac launch joint venture Direx Polymer for hot-melt adhesives

DL Chemical and US-based Rextac have launched a joint venture named Direx Polymer to produce eco-friendly hot-melt adhesives. DL Chemical holds a 74% stake with a total investment of KRW 150 billion, and a 40,000-ton-per-year APAO production facility will be built in Yeosu, with commercial production expected in the first half of 2023.

- Type: Partnership
- Announced: 2021-09-09
- Where: Yeosu, South Korea
- Value: $126.0M (150.0B KRW)
- Status: announced
- Capacity: 40,000 tons per year
- Products: amorphous poly alpha olefin (APAO) for hot-melt adhesives
- 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)
- [Direx Polymer](https://endata.com/companies/57628.md) (partner)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202109090928084433), 2021-09-09: "DL케미칼은 9일 친환경 핫멜트 접착제 생산을 위해 미국 렉스택사와 함께 설립한 디렉스 폴리머 출범식을 진행했다."

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