Songwon starts production at Houston OPS plant

Bob Moser
PLASTICS NEWS

Published: May 21, 2013 12:35 pm ET
Updated: May 21, 2013 12:37 pm ET

Related to this story

Topics Materials, Materials Suppliers

SÃO PAULO, Brazil – South Korean additives maker Songwon Industrial Co. Ltd will have its new 7,000 metric ton-per-year OPS plant in Houston go online today, May 21, the company's chief operating officer told Plastics News during the opening day of Feiplastic in São Paulo

The new facility, which has been under construction since September 2012, was built with expansion in mind, Maurizio Butti said in a May 20 interview. Butti declined to comment on the cost of the project.

Strong future GDP growth forecasts for many Latin American countries over the next decade make the region bankable for polymer demand, said Dieter Morath, executive vice president of sales. Key growth markets in Brazil and neighboring countries for polymers, and the additives they demand, include agri-films and a variety of parts and applications for light-weight cars, he added.

Whether growing polymer demand in Latin America will be served by local producers remains to be seen. Lower energy costs in North America, due in large part to shale gas discoveries, may shift more polymer production to that region and away from rising costs in South America, Morath said.

The Houston plant, built to serve growing polyolefin demand in North America, is part of a global expansion of OPS production for the Ulsan, South Korea-based firm.

Songwon doubled capacity last year of the OPS facility it acquired in Germany by purchasing Additive Technology Greitz, and plans to set up another 7,000 ton-per-year OPS plant in Kizad, Abu Dhabi, in early 2014 as a joint venture with Polysys Industries of Abu Dhabi.


Comments

Songwon starts production at Houston OPS plant

Bob Moser
PLASTICS NEWS

Published: May 21, 2013 12:35 pm ET
Updated: May 21, 2013 12:37 pm ET

Post Your Comments


Back to story


More stories

Image

Sabic: Rapid demand growth led to Ultem shortage

December 18, 2014 12:06 pm ET

Sabic Innovative Plastics has been increasing production capacity for its Ultem polyetherimide but it still got caught short by increasing demand for ...    More

McCann expanding in Ohio

December 17, 2014 11:59 am ET

Compounding firm McCann Plastics will spend $1.2 million on an expansion project that will create 15 new jobs at its plant in Green, Ohio.    More

French firm acquires Zimmer-brand polymer technology

December 15, 2014 4:18 pm ET

The deal includes technologies for the processing of polyesters and nylons, and approximately 40 researchers and engineers.    More

Image

Bioplastics global production capacity

December 15, 2014 10:14 am ET

   More

Image

Israeli compounder building $13.1 million facility in North Carolina

December 12, 2014 1:14 pm ET

Tosaf USA, a subsidiary of Kfar Yona, Israel-based Tosaf Compounds Ltd., will build a compounding and masterbatch production facility in North Carolin...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events