• PT Youtube
  • PT Facebook
  • PT Linkedin
  • PT Twitter
3/28/2016 | 1 MINUTE READ

BASF and Korea's Kolon to Build World's Largest POM Production Complex

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

New joint venture to use highly-efficient production technology and offer specialty products globally.

A 50-50 joint venture (JV) between BASF, Florham Park, N.J., and Korea’s Kolon Plastics will result in the world’s largest polyacetal (POM) resin production complex and global supply facility. Slated for startup in the second half of 2018, the nearly 155-million lb/yr facility will be located in Gimcheon, Korea, at Kolon Plastics’ existing manufacturing site. The company, a major global player in engineering plastics and specialty compounds, is currently Korea’s sole engineering plastics producer.

Both companies have long-term experience in polyacetal production. The new JV, Kolon BASF innoPOM, Inc., will utilize Kolon’s highly-efficient production technology to provide best-in-class product quality, according to the partners. Following the startup of the new plant, BASF will discontinue production of polyacetal at its world headquarters manufacturing site in Ludwigshafen, Germany. The resins and specialty compounds will be marketed around the world separately by the partners under their respective trade names and proprietary formulations—Ultraform for BASF and Kocetal for Kolon.

Polyacetal is used in broad range of industrial, transportation, construction, and consumer applications. “The markets for POM are growing around the world. Particularly in Asia, the joint venture will strengthen our ability to support our customers with high-performing, innovative specialties,” said Raimar Jahn, president of BASF’s Performance Materials Div.

Search for nearly 100,000 grades of polymers on the Universal Selector by clicking here

 

RELATED CONTENT

  • Injection Molding Wood-Plastic Composites

    Injection molders are just becoming acquainted with this new class of molding materials. It pays to learn some basic processing guidelines before jumping in.

  • Thermoplastic Polyesters: It's Time to Know Them Better

    There’s more to TP polyesters than you think. You may know PET, PBT, and PETG—but what about PCT, PCTG, PCTA, and PTT? If you’re not sure what they are, how their properties compare, and who sells them, we have the answers—and lots of new developments to report.

  • Plastics That Conduct Heat

    Helping electronics, lighting, and car engines keep cool are some new roles for hermoplastics that are formulated to replace metal or ceramic.


Resources