You are currently here: News » Industry » KOREA (SOUTH): South Korean petrochemical producers vow ...
Section: General
  • Written on 03.09.2014 - Industry
  • You have these options:
    • Print this article
    • Article as PDF

KOREA (SOUTH): South Korean petrochemical producers vow to increase spending & exports

Leading South Korean petrochemical companies, during a meeting with Energy Minister Yoon Sang-jick, have agreed to increase their investments this year in order to create jobs and increase their exports.

SK Global Chemical, LG Chem and about 30 other top Korean petrochemical producers expect investments to rise to a total of approximately 7.5-trillion won (USD 7.35-billion) this year, compared to about 6.5-trillion won during 2013, according the Ministry of Trade, Industry and Energy.

SK Global plans to invest about 960-billion won in construction of a new paraxylene plant that will create 1,400 jobs and generate USD 1.3-billion in annual exports.

Source: Weekly "PetroChemical News", Durham, NC, USA; 1 Sept 2014
(Syed Rahid Ali, Karachi, Pakistan)


RSS Feed

Are you new here? Do you want to be always up to date?
Then subscribe to our RSS Feeds and never miss a news again.