Kolon Plastics of Korea has entered into a partnership with the German-based BASF, to establish a 50-50 joint venture in South Korea to produce polyoxymethylene (POM). The new venture, to be called Kolon BASF innoPOM, will have an annual capacity of 70,000 tons. The new POM facility will be located at Kolon Plastics’ existing manufacturing site in Gimcheon, South Korea, and is expected to be operational by the second half of 2018. Properties of POM materials include high strength and resilience, high friction performance and chemical resistance, and are mainly used in automotive, electric and electronic goods, consumer goods, medical products and construction.
Read Full News At: http://www.researz.com/kolon-plastics-partner-basf-pom-south-korea