Total Petrochemicals and Samsung to build a polypropylene compounding facility in China
Total Petrochemicals announces that its joint-venture with Samsung, Samsung Total Petrochemicals, will build a polypropylene compounding facility in Dongguan, which is in the Pearl River area of Guangdong province, in the South of China.
The project supports Samsung Total Petrochemical’s strategy to maintain and advance its current leadership position in the higher value-added sector of the polypropylene compounds market. This added capacity will allow the Company to market about 20% of its total polypropylene production in the form of compounds while improving service to the customer through local production. The investment amounts to ˆ 6 million. Completion is forecast for early 2009. The facility, comprised of three lines, will have a total capacity of 28,000 tons per year. The products will supply the south China market, targeting the Electronics and Household Electrical Appliances sector including refrigerators, dishwashers and air conditioners.
The Samsung Total Petrochemicals joint-venture was created in April 2003, both partners, Total and Samsung, retaining a stake of 50%. Their common petrochemicals site, located in Daesan, on the west coast of South Korea, produces and markets a wide range of base chemicals and polyolefins.
