# Kolon Plastics and BASF form POM joint venture in Korea

Kolon Plastics and BASF signed an agreement to establish a 50:50 joint venture, Kolon BASF innoPOM, Inc., to manufacture polyoxymethylene (POM) in Gimcheon, Korea. The plant will have an annual capacity of 70,000 metric tons and start operation in the second half of 2018.

- Type: Partnership
- Announced: 2023-01-10
- Where: Gimcheon, Korea, South Korea
- Status: announced
- Capacity: 70,000 metric tons per year
- Products: polyoxymethylene (POM)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [basf.com](https://www.basf.com/global/en/media/news-releases/2016/03/p-16-154), 2023-01-10: "The 50:50 joint venture named 'Kolon BASF innoPOM, Inc.' will have an annual capacity of 70,000 metric tons."

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