OCI Building New Carbon Black Plant in Korea

On May 31, OCI announced plans to build a new carbon black plant in Gunsan, South Korea, where the company already operates a polysilicon plant. Construction will begin in the second half of 2010 and will be completed by the end of 2011. Capacity will be 70,000 tonnes per year initially, expanded to 100,000 tonnes by 2014. The project is expected to cost 75 billion won (US$61 million). The expansion will take OCI’s total carbon black capacity to 310,000 tonnes/year, including its two existing plants in Pohang and Gwangyang, and will make it the largest producer in South Korea.