[Alpha Biz= Reporter Kim Sangjin] Aekyung Chemical announced on the 5th that it will invest 96.7 billion KRW in a new production facility for Terephthaloyl Chloride (TPC).
This investment represents 13.1% of the company's equity as of the end of last year, with the investment period extending until December 31 of next year.
TPC is a key raw material for aramid fibers. Aekyung Chemical plans to initiate new business ventures with the domestic production of TPC, marking a first in South Korea.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
