Taekwang Industrial

Taekwang Industrial approved a 145 billion KRW investment to expand aramid production at its Ulsan plant, increasing capacity by 3,500 tons annually to reach 5,000 tons by 2025.

TL Chemical, a joint venture between Taekwang Industrial and LG Chem, signed an MOU with Ulsan city to expand its acrylonitrile production facility in Ulsan, South Korea. The expansion will add 260,000 tons of annual capacity by 2025 and create over 100 jobs.

Taekwang Industrial and LG Chem established a joint venture, TL Chemical Co., Ltd., to build a 260,000-ton-per-year acrylonitrile plant near Ulsan, South Korea. Taekwang Industrial holds 60% and LG Chem 40%, with total initial investment of 121.3 billion KRW.

Taekwang Industrial and LG Chem will set up a joint venture named TL Chemical in Ulsan, South Korea, to produce acrylonitrile. The plant will have an annual capacity of 260,000 tons, with commercial production starting in 2024. Taekwang Industrial will own 60% and LG Chem 40%.