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Home | News |Hanwha Total Petrochemical expands EVA market share - moves up to No. 1 position
Hanwha Total Petrochemical expands EVA market share - moves up to No. 1 position
Updated: 2016-01-06 11:32 Source: Market Report Company share:

South Korea-based Hanwha Total Petrochemical Co. is expanding its business into the global high value-added ethylene vinyl acetate (EVA) market by commercial production using the tubular reactor polymerization process for the first time in the world, and investing in facilities, including the expansion of the second EVA plant, as per BusinessKorea.

Hanwha Total has established EVA production facilities of 320,000 tpa. The company expects to turn over 1.5 trillion won (USD1.28 billion) in solar EVA products alone in the next five years.

The company achieved a 35% share in the global solar encapsulment EVA market amounting to 350,000 tons, being ranked first.


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