REXtac

DL Chemical held a groundbreaking ceremony on December 1, 2021 for its subsidiary D-REX Polymer's new plant in Yeosu, South Korea. The 150 billion won facility, a joint venture with US-based REXtac, will produce 40,000 tons per year of amorphous poly alpha olefin (APAO) starting in the first half of 2023.

DL Chemical and US-based RexTac established a joint venture named Direx Polymer, with DL Chemical holding a 74% stake. The joint venture will invest 150 billion KRW to build a 40,000-ton-per-year APAO plant in Yeosu, South Korea, with commercial production starting in the first half of 2023.

DL Chemical and US-based Rextac have launched a joint venture named Direx Polymer to produce eco-friendly hot-melt adhesives. DL Chemical holds a 74% stake with a total investment of KRW 150 billion, and a 40,000-ton-per-year APAO production facility will be built in Yeosu, with commercial production expected in the first half of 2023.

REXtac and DL Chemical agreed to set up a joint venture in Yeosu, South Korea, to build a plant producing 40,000 tons of APAO and hot melt glue annually, with production starting in the first half of 2023. Total investment is 150 billion won ($134 million).