DL Chemical and RexTac launch joint venture Direx Polymer for APAO production

DL Chemical and US-based RexTac established a joint venture named Direx Polymer, with DL Chemical holding a 74% stake. The joint venture will invest 150 billion KRW to build a 40,000-ton-per-year APAO plant in Yeosu, South Korea, with commercial production starting in the first half of 2023.

“Direx Polymer will have a total investment of 150 billion KRW, with DL Chemical acquiring a 74% stake in the company.”asiae.co.kr

• 1 source
• asiae.co.krDL Chemical Launches Eco-Friendly Adhesive Joint Venture: "40,000 Tons Annual Plant to Start Mass Production in Two Years" - The Asia Business DailyChoi DaeyulSep 9, 2021

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