Honam-Mitsubishi Rayon JV to Build 2-Hydroxyethyl Methacrylate Plant in Korea

Mitsubishi Rayon says its 50-50 Daesan MMA (Seosan, Korea) joint venture with Honam Petrochemical (Seoul) will build a plant to produce 2-hydroxyethyl methacrylate, a raw material for paints and adhesives, at Seosan. The plant will produce 11,000 m.t./year of 2-hydroxyethyl methacrylate, and it is expected to begin production in April 2013. Mitsubishi Rayon currently produces 2-hydroxyethyl methacrylate in Japan. “In light of expected strong global growth in the Asian automotive sector and in the demand for paints in the U.S. and Europe, the main...

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