02/09/2014

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LG Chem starts S-SBR production in Daesan

The plant has an annual S-SBR capacity of 60,000 t. According to an article in The Korea Economic Daily, with this new capacity LG Chem will be able to become a No. 2 producer behind Kumho Petrochemical.In order to keep its leading ­position, Kumho ­Petrochemical plans to expand its S-SBR ­capacity by early 2014. The company's current S-SBR ­capacity is 84,000 t/y and is competing heads-on with Lanxess of Germany and Sinopec of ­China.According to the Inter­national Institute of Synthetic Rubber Producers, the world's
S-SBR market is estimated at 1.39 million t and is forecast to ­increase up to 1.84 million t by 2016, with a compound ­annual growth rate of more than
10 %.

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