# Kolon BASF InnoPOM opens $220M POM plant in South Korea

Kolon BASF InnoPOM, a joint venture between Kolon Plastics and BASF, started production of a new polyoxymethylene (POM) plant in Kimcheon, South Korea, with an annual capacity of 70,000 tons, built at a cost of $220 million.

- Type: New facility
- Announced: 2024-01-15
- Where: Kimcheon, South Korea, South Korea
- Value: $220.0M
- Starts operating: 15 Jan 2024
- Status: completed
- Capacity: 70,000 tons per year
- Products: polyoxymethylene (POM)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [KOLON BASF innoPOM Inc.](https://endata.com/companies/35104.md)
- [BASF](https://endata.com/companies/298.md) (partner)
- [Kolon Plastics](https://endata.com/companies/24454.md) (partner)

## Sources

- [haythink.com](https://www.haythink.com/kolon-basf-innopom-a-joint-venture-between-basf-and-kolon-opens-a-new-220-million-pom-plant/), 2024-01-15: "The new plant we have built with Kolon Plastics sets the industry benchmark for POM production."

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