Wacker Builds Dispersions Plant in Korea
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In order to meet the growing demand for high-quality VAE dispersions, especially in South East Asia, Wacker Chemie is currently building a new production plant at its Ulsan site in South Korea. The expansion projects in Korea and China will double the company’s VAE capacity in this region.
Wacker already produces vinyl acetate-ethylene copolymer dispersions marketed under its Vinnapas brand at Ulsan for use as binders in the adhesives industry. The company sees the construction of a second reactor line with an additional 40,000 metric tons of annual capacity for applications in the paints and coatings, construction, nonwoven, paper and carpet industries to be essential for reliably and sustainably meeting the market growth that industry experts anticipate in the region. An investment of around 10 million euros has been budgeted for the expansion project.
“Our new production facility for VAE dispersions at Ulsan represents a key step in our global growth strategy,” explained Auguste Willems, Executive Board member of Wacker Chemie AG. He added that demand for top-quality VAE dispersions, especially for those used in formulating more environmentally friendly products featuring low emissions, would continue growing in the coming years. “That was why we also began this spring expanding annual VAE capacity at our Chinese site in Nanjing, where we are adding 60,000 metric tons. The new capacity is expected to come on stream by mid-2013. Our expansion projects in South Korea and China will double our VAE capacity in the region, and thus help us consolidate our already strong position as a globally leading producer of VAE dispersions.”