CHEIL INDUSTRIES INC. (KSE:001300), the textile unit of South Korea’s SAMSUNG GROUP, has completed the construction of a synthetic resin plant in the northeastern Chinese city of Tianjin, establishing its first overseas presence in the chemical sector, the company said Thursday. TIANJIN SAMSUNG ENGINEERING PLASTIC CO., a wholly-owned affiliate of Cheil Industries, held a ceremony on Wednesday there to mark the dedication of the plant in the Chinese city.

The Tianjin plant will lay the foundation for Cheil Industries to tap into the global chemical market, Cheil Industries CEO Hwang Baek was quoted by the company as saying during the ceremony.

The plant will have an annual capacity of 10,000 tons of acrylonitrile butadiene styrene (ABS) compound and 6,000 tons of engineering plastics (EP) compound, the company said.

Source: http://english.ctei.gov.cn/News/Companies/230666.htm