Kolon Plastics

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.

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.

BASF and Kolon Plastics will form a 50:50 joint venture, Kolon BASF innoPOM, to produce 70,000 tons per year of polyoxymethylene (POM) at Kolon's site in Gimcheon, South Korea, with production planned for second half of 2018.

Kolon Plastics and BASF have launched Kolon BASF innoPOM, a joint venture in Gimcheon, South Korea, to produce polyoxymethylene (POM). The plant has a capacity of 70,000 tons per year, and combined with an existing facility, it becomes the world's largest single POM site at 150,000 tons per year. Each partner invested 30 billion won, with an additional 260 billion won invested since groundbreaking in April 2016.

KOLON BASF innoPOM Inc., a 50:50 joint venture between KOLON PLASTICS and BASF, started operations at its new polyoxymethylene (POM) production plant in Gimcheon, Korea. The plant has an annual capacity of 70,000 metric tons and represents an investment of KRW 260 billion (approximately USD 220 million).

Kolon Plastics and BASF will complete their 50:50 joint venture POM plant in Gimcheon, South Korea, in the second half of 2018. The plant will have a capacity of 150,000 tons per year, making it the world's largest POM production facility.

Kolon Plastics held a completion ceremony for its second plant in Gimcheon, Gyeongsangbuk-do, on 2017-05-23. The plant was built on a 66,000 m² site with a total investment of KRW 43 billion, adding capacity for engineering plastic compounds and CFRP composite materials. Production capacity is expected to increase by over 40% to 50,000 tonnes per year.