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
Companies & Associations

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

Commerce Department agrees to investigate PET dumping complaint

April 1, 2015 1:42 pm ET

UPDATED — A flood of alleged low-priced PET resin imports has led three U.S. PET makers to seek anti-dumping duties.    More

Image

Fire at Texas plant could impact polypropylene market

April 1, 2015 11:21 am ET

UPDATED — No injuries were reported in a March 30 fire at an ExxonMobil Chemical propylene unit in Beaumont, Texas — but the incident...    More

Image

Solegear raising funds as it debuts on TSX Venture stock exchange

April 1, 2015 11:08 am ET

A fledgling bioplastics company has raised capital for growth and obtained a listing on the TSX Venture stock exchange.    More

Image

Lanxess merges PU additives into Rhein Chemie division

April 1, 2015 9:17 am ET

German resin company Lanxess AG has combined the activities of the former Rhein Chemie and its Lanxess functional additives business into a new Rhein ...    More

Image

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

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

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

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

More Events