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Sumitomo Seika Chemicals outlines superabsorbents investment in Korea

4:41 AM MDT | July 29, 2014 | Natasha Alperowicz

Sumitomo Seika Chemicals is to form a new polymers company at the end of this month to build and operate a superabsorbents production facility at Yeosu, South Korea, to meet brisk demand. Sumitomo Seika will hold 90% in the venture, which will be capitalized at ¥5 billion ($49 million). The plant will have a capacity to produce 59,000 m.t./year of the company’s Aqua Keep superabsorbent polymers. The total investment cost has been estimated at ¥10 billion. Completion is scheduled for May 2016.   The new plant will add to Sumitomo Seika’s...

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