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

COMPANY / Reporter Paul Lee / 2023-05-22 19:44:30
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)

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