Hyosung Chemical makes fourth investment in Vietnam factory, which is having trouble operating, and expects performance to recover from next year = South Korea

On December 27th last year, Hyosung Vina Chemical, the Vietnamese subsidiary of chemical giant Hyosung Chemical, announced a capital increase of 32.5 billion won (approximately 3,553.8 million yen) through a shareholder allotment through Hyosung Chemical in order to improve its finances.
announced that he had gone. This year, Hyosung Chemical increased its capital in Vietnam four times totaling 392.3 billion won (approximately 42.893 billion yen).
Hyosung Vina Chemical's factory was completed in July 2021. Liquefied petroleum gas (LPG) brought in from the port is stored in storage tanks.
, established a production system that produces polypropylene (PP) after dehydrogenation. Expectations were high for cost savings and increased production efficiency. However, when the operating rate was increased, problems occurred in the machining process, and 4
Production was disrupted, with repairs required five times. As a result, losses of Vietnamese companies will increase from 45 billion won (approximately 4,916.3 million yen) in 2021 to 313.7 billion won in 2022.
(approximately 34,272,050,000 yen). Later, when operations normalized in July, operating profit for the July-September period was 1.2 billion won (approximately 131.14 million yen), the largest surplus ever.
recovered to. Chang Hyung-gu, a researcher at Kokuk Securities, said, ``In addition to achieving economies of scale with PP, it also provides stable income from LPG storage facilities, and nitrogen trifluoride (NF3), which is used for cleaning semiconductors.
)'s production capacity and the expansion of the special gas business, we are confident that we will be able to carry out normal business operations in the future."