KCC

MPM Holdings Inc. (Momentive) has entered into a definitive merger agreement to be acquired by an investor group comprising SJL Partners, KCC Corporation, and Wonik QnC Corporation for approximately $3.1 billion, including debt and liabilities.

KCC completed the expansion of its gypsum board production line 3 at the Daejuk plant in Seosan, South Korea, investing 84 billion KRW. The expansion increases annual capacity to 24.24 million m², making KCC the largest domestic producer. Commercial production starts next month.

KCC completed construction of a 30,000-ton-per-year glass wool production line (Line 1) at its Gimcheon plant in Gyeongsangbuk-do, South Korea, as part of an inorganic fiber insulation integrated production base. Commercial production is set to begin in April 2017.