Mitsubishi Chemical Corporation Samyang Corporation Joint Ventured To Manufacture ion exchange resins in Korea

Mitsubishi, Samyang to manufacture ion exchange resins in Korea

7:39 AM, 24th July 2013
Mitsubishi Chemical Corporation Business News

TOKYO, JAPAN: Mitsubishi Chemical Corporation and Samyang Corporation have entered into an agreement on basic policies for establishing a joint venture (JV) to manufacture ion exchange resins (IERs) in Korea. Both sides will continue consideration regarding concrete conditions and details. Mitsubishi Chemical and Samyang are both planning to sell uniform particle size IERs manufactured by the JV in global markets.

For the production of IER, the company will build a manufacturing plant in Gunsan-city, Jelollabuk-do, Korea. The new plant with 20,000 cubic metre capacity per year, is expected to begin operation in May 2015.

With the joint venture, Mitsubishi Chemical aims to become a top IERs supplier in Asia, and Samyang will strengthen its operational base in the environmental business division to provide comprehensive solutions for industrial water treatment to its customers.

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