Overview of Hyosung Vina Chemical Co., Ltd.

◆ Established: May 2018
◆ Ownership: 100% owned by Hyosung Chemical
◆ Industry Focus:
. Main Products: Polypropylene (PP) - 600 KTA / Propylene - 600 KTA
. Underground LPG Storage Capacity: 240 KT
◆ Number of Employees: 441
◆ Manufacturing Facility: Cai Mep Industrial Park, Ba Ria - Vung Tau
◆ Sales Offices: Ho Chi Minh City & Hanoi

Innovation Partner Award

Hyosung Vina Chemicals has built a strong and fruitful partnership with the licensor, working hand in hand to ensure technology excellence and operational success. Through continuous innovation and close collaboration, the company has not only achieved but also maintained outstanding results in Ter PP production. This achievement reflects Hyosung Vina Chemicals’ commitment to quality, efficiency, and leadership in the polypropylene industry.

Development history of Hyosung Vina Chemical Co., Ltd.

◆ Successfully localized Korea’s PDH/PP business model in Vietnam with strong cost competitiveness
◆ Serves as a key gateway for expansion into the high-potential Southeast Asian market
◆ Achieved growth by overcoming numerous challenges through the dedication and efforts of Hyosung Vina Chemical’s team.
Setup & Build
12/2017
Decision to invest in Vietnam PDH/PP PJT project
05/2018
Established Hyosung Vina Chemical Co., Ltd.
07/2018
Sign land lease contract for factory
09/2018
Port acquisition
11/2019
Complete installation of PP-4 plant (300KTA)
Port View
Partial Operation
04/2020
Commercial operation of PP-4 plant
Port construction completed
06/2021
Completed installation of OL-1 plant
07/2021
Complete installation of PP-5 plant (300KTA)
Complete installation of underground LPG storage
Plant and Port before construction
Fully operational
11/2021
Commercial operation of PP-5 plant
12/2021
Commercial operation of OL-1 plant, underground LPG storage
01/2022
Operation of underground LPG storage, OL-1 and PP-4/5 plants
Plant and Port after construction