Asian market boom threatens S Korea

Kovac, Matt
January 2007
ICIS Chemical Business;1/8/2007, Vol. 2 Issue 48, p15
Trade Publication
The article assesses the impact on South Korea's petrochemical industry of the expansion of plastic plants in Taiwan and Iran. The petrochemical companies in South Korea are expected to face a difficult year, as the expansion will suppress earnings for local players. The plastics plants threaten Korean companies because of their large volume and cheap output, said analyst Thomas Yi. However, analysts remain pessimistic as China will also impact Korean producers.


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