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Kumho Petrochemical to Invest Almost $1 Billion at Yeosu Complex

3:16 PM MDT | August 8, 2011

Kumho Petrochemical (Seoul) plans to spend won880 billion ($825.2 million) by 2014 to expand its Yeosu, Korea manufacturing complex and meet growing demand for the company’s products, which are used mainly in the automotive and consumer electronics sectors. The announcement forms part of Kumho’s plan to raise sales to won20 trillion/year by 2020 and establish itself as a global leader in several of its product areas including synthetic rubber. Kumho’s sales were won3.9 trillion last year. Kumho Petrochemical and its three affiliates—Kumho...

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