Alphabiz - Hyosung Chemical invests 159.7 billion won in Vietnamese affiliates ... ＂Improvement of financial structure＂

효성화학 베트남공장. (사진=효성)

[Alpha Biz=(Chicago) Reporter Paul Lee] Hyosung Chemical announced on the 22nd that it will invest about 159.7 billion won in Hyosung Bina Chemical (Hyosung Vina Chemicals), a Vietnamese corporation.

The equity ratio after the investment becomes 100%. Hyosung Chemical said the purpose of the investment is to improve its financial structure.

Hyosung Vinachemical is a company that manufactures and sells propylene and polypropylene.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)