KOLON BASF innoPOM Inc.

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 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).