# Kolon Industries invests $18M to expand PMR resin capacity in Yeosu

Kolon Industries will invest 24 billion won ($18 million) to double its pure monomer resin (PMR) capacity at its Yeosu plant from 11,000 to 21,000 tons per year, targeting EV tire applications.

- Type: Expansion
- Announced: 2023-05-15
- Where: Yeosu, South Jeolla, South Korea, South Korea
- Value: $18.0M
- Status: announced
- Capacity: 21,000 tons per year
- Products: pure monomer resin (PMR)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kolon Industries](https://endata.com/companies/25976.md)

## Sources

- [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/kolon-industries-invests-18-million-in-resin-factory-for-ev-tires/10541637), 2023-05-15: "Kolon Industries will invest 24 billion won ($18 million) to expand its capacity at its petrochemical resin production factory in Yeosu."

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