This week in adhesives news, MCNS Polyurethanes, a joint venture between Korean SKC Co. and the Japanese company Mitsui Chemicals, has built a new facility in Chico in Monterrey, Mexico. The company hopes this new facility will help them to expand their business presence in Central and South America. The new site will manufacture customized polyurethane raw materials with an annual capacity of 20,000 tons, reportedly increasing MCNS’s annual output to 720,000 tons. The joint-venture has high ambitions, hoping to more than double the number of manufacturing facilities they hold by 2020. According to the article, Won Ki-don, co-chief executive stated that “the company aims to become a global polyurethane manufacturer generating 2 trillion won ($1.75 billion) or more in sales by 2020.”
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