07 February 2013

Wacker Chemie Launches New Dispersions Plant in Ulsan, South Korea

- Investment of round €10 million in the expansion project

Munich / Seoul - 06 February 2013 - Today, Wacker Chemie AG officially launched its new production plant for vinyl acetate-ethylene copolymer (VAE) dispersions at its Ulsan site in South Korea. The additional 40,000 metric tons from the second reactor line increases the site’s VAE-dispersion capacity to a total of 90,000 tons per year. The production capacity of the site has thus almost doubled, making the plant complex one of the biggest of its kind in South Korea. 

The expansion is WACKER’s response to the rising demand for high-quality VAE dispersions, especially in Southeast Asia’s emerging markets. Having invested around €10 million in the expansion project, WACKER is strengthening its position as one of the world’s major suppliers of VAE dispersions. 

President and CEO Rudolf Staudigl emphasized the strategic importance of the new reactor line for Asian markets: “The demand for top-quality VAE dispersions is continuously rising in Southeast Asia, especially for those used in formulating low-emission, eco-friendly products. The additional capacity will enable us to continue reliably meeting our customers’ high demand over the coming years, thus securing our leading global position in VAE dispersions,” he said. 

Han-Hyung Cho, head of Wacker Chemicals Korea, thanked all employees for their tremendous efforts. He believes that their contribution was essential to WACKER implementing this key strategic project in record time – in just one year. 

Under its VINNAPAS® trademark, WACKER already produces vinyl acetate-ethylene copolymer dispersions at Ulsan for use as binders in the adhesives industry. The second reactor line’s additional capacity is particularly aimed at reliably meeting the strong growth in the paints and coatings sector, as well as in construction, paper, carpet and nonwovens applications. WACKER already started expanding the VAE capacity of its Nanjing site in China by 60,000 tons per year in spring 2012. This is set for completion by mid-2013. With the expansions in both South Korea and China, the company is doubling its VAE capacity in the region. 

With over 50 years’ experience in the development and production of vinyl acetate-ethylene copolymer dispersions, WACKER is a global technology and market leader in this field. VINNAPAS® dispersions are popular binders in the construction, paints, coatings and adhesives industries. The dispersions find application, for instance, in the formulation of low-odor and low-emission indoor paints, but also in plasters, technical textiles and nonwovens, carpet adhesives and as binders in polymer materials based on renewable resources. 

WACKER is a globally-active chemical company with some 17,200 employees and annual sales of around €4.91 billion (2011). WACKER has a global network of 24 production sites, 19 technical competence centers and 53 sales offices. 

Source: WACKER