Korea Kumho Petrochem To Set Up JV With JG Summit - Yonhap

(Dow Jones)--Korea Kumho Petrochemical Co. (011780.SE) has signed a deal with JG Summit Petrochemical Corp.
(JGSPC) of the Philippines to set up a joint venture to build a butadiene plant, Yonhap news agency reported Thursday,
citing the Korean company.
  The 50-50 joint venture to be built at Bantangas, about 110 km south of Manila, will help the South Korean company
expand its source of procurement of raw materials used in synthetic rubber, the report said.
  In February, Korea Kumho Petrochemical completed the expansion of its high butadiene rubber plant in Yeosu, raising
its production capacity to 287,000 tons a year from 167,000 tons earlier, it said.