Aekyung Group to Launch Integrated Company of 3 Chemical Affiliates in November

Business Korea | Sep 7, 2021 at 5:20 AM
  • Through the merger, Aekyung Group aim to turn the integrated corporation into a global leading chemical company through the expansion of production facilities including those in China, Vietnam and India and investment by focusing on infrastructure and know-how in the chemical business.
  • A demonstration plant for raw materials of aramid fiber (a material for fire suits) is also in operation, and will go into full-scale operation in 2023 after building a commercialization plant when it is internally approved for commercialization.
  • In this manner, Aekyung Chemical will accelerate growth through integration by maximizing synergies among the three companies’ businesses, expanding R&D investments, and discovering new growth engines through mergers and acquisitions (M&As).