COLUMBUS, OH – The Board of Directors of Hexion Specialty Chemicals Inc. has approved construction of a manufacturing plant in Onsan, Korea, to produce Cardura™ monomer.
The plant will be constructed within an existing Hexion manufacturing complex in Onsan to produce Cardura monomer, which is a glycidyl ester derivative of Versatic Acid 10. Cardura monomer is used extensively as a key ingredient in environmentally advanced coatings such as automotive clear coats, coil coatings and marine coatings where high-solid, water-based formulations and low VOCs are desired.
Construction of the new facility will begin in the first quarter and completion is slated before the end of this year. Hexion also produces Cardura monomer and Versatic acids at its plant in Pernis, The Netherlands.