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LG Chem to invest over $300 million to increase acrylic acid capacity

12:10 AM MST | December 18, 2013 | Deepti Ramesh

LG Chem (Seoul), South Korea’s largest chemical company, says that it will invest 320 billion South Korean won ($304 million), to increase production capacity for acrylic acid at the company’s site at Yeosu, South Korea. With the expansion, acrylic acid capacity at the site will increase from 350,000 m.t./year to 510,000 m.t./year. The expansion is expected to be completed in 2015. Acrylic acid is the raw material used to produce superabsorbent polymers (SAPs). LG Chem says it will also increase the production capacity for SAP at the Yeosu site from...

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