Ningbo, Zhejiang – Kukdo Chemical (Kunshan) signed a contract with local authorities in October to build a polyol plant in Ningbo, Zhejiang province, according to the city’s government website.
Located in Ningbo Petrochemical Economic and Technological Development Zone, the plant has $90 m investment earmarked for 80kT/year polyether polyol capacity.
Set up in 2002 in Suzhou, Jiangsu, a city near the new plant, Kukdo Chemical (Kunshan) is a 90-10 joint venture between Korea’s Kukdo Chemical and Japan’s chemical and food combine Adeka. The joint venture produces polyols, epoxy resin, hardeners and polyurea.
Kukdo also has four manufacturing sites in Korea with a total of 540kT/year capacity for epoxy resin and 120kT/year capacity for polyether polyol, said the government site. Last year Kukdo had KRW 952 bn ($ 851 m) revenue, down by 6% from 2015 according to the Wall Street Journal.
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