South Korea's Samsung Fine Chemicals said Monday it would spend Won 190 billion ($169 million) to double its epichlorohydrin production capacity at Ulsan to 120,000 mt/year from 60,000 mt/year by 2013.
Epichlorohydrin is downstream from propylene, chlorine and caustic soda, it said.
"Demand for epichlorohydrin is expected to expand by 6-8% every year until 2014 largely driven by the Chinese market," a company official said.
South Korea's epichlorohydrin market is estimated at 130,000 mt/year, in which Samsung Fine controls 46%. The local market is expected to reach 200,000 mt/year by 2014, the company said.
The company did not disclose further details.
