HUCHEMS Decides on New Investment of 98.7 Billion KRW to Establish MNB Plant

[Asia Economy Reporter Jang Hyowon] Huchems announced on the 26th that it has decided to make a new investment of 98.7 billion KRW to establish a Mononitrobenzene (MNB) plant.

This investment corresponds to 14.4% of the company's equity capital as of the end of last year, with the investment period lasting until June 30, 2023.

The company stated, "We decided to establish the plant due to increased demand from customers," and added, "We expect an increase in sales and profits through this."