Hanwha Asdel: Investment in New Plant
The Hanwha Azdel division, Fenton, MI/USA, of Hanwha L&C Co., Ltd. of Seoul, South Korea, announced a major capacity expansion for its SuperLite lightweight reinforced thermoplastic (LWRT) composite product line with USD 20 million investment that will be used to construct a new plant in Bugang, South Korea. Scheduled to come on stream in 2014, the facility will be located inside Hanwha L&C’s existing Bugang Plant #2, home to the company’s existing glass-mat thermoplastic (GMT) composite production plant. Both facilities will service global automotive, heavy-truck, recreational-vehicle, and industrial customers with production operations in Asia.
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