LOTTE Chemical Announces the Addition of A Third Engineered-Stone Production Line at its Belenco Plant in Turkey
January 21, 2021 at 09:00 pm IST
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LOTTE Chemical announced the addition of a third engineered-stone production line at its Belenco plant in Turkey. The expanded production volume of the Turkey plant supplements LOTTE's Yeosu plant in South Korea. The combined capacity of the two facilities is 22 million square feet per annum. LOTTE is establishing itself as one of the top quartz-surface manufacturers in the world, serving a rapidly growing global customer base. LOTTE's $30 million investment in the new Turkey production line will ensure a stable and secure global supply chain for its engineered-stone products. LOTTE'sTurkey facility's proven manufacturing capabilities are complemented by distribution efficiencies through the port of Izmir and access to ample raw materials from a nearby stone mine. Acquired by LOTTE in March 2019, Belenco is the manufacturer of engineered stone in Turkey. The plant is located in Turkey's Manisa OIZ industrial complex, on the outskirts of the city of Izmir. Belenco utilizes state-of-the-art, Breton manufacturing technology – a process that produces high-quality, technologically advanced engineered-stone material for the building industry. LOTTE has been a licensee of Breton technology since 2018, utilizing the process in the development of its popular Cirrus Collection of quartz surfaces. Comprised of 93% high-density quartz, LOTTE's Radianz surfaces resemble high-quality natural stone, with the benefit of resisting scratches, growth of bacteria, and color deflection. As a premium engineered surface, Radianz quartz is durable, hygienic, and available in a wide assortment of superior colors and patterns, suitable for commercial and residential applications.
Lotte Chemical Corp is a Korea-based company mainly engaged in the production and sale of chemical products. The Company operates its business through four segments. The Polymer segment is involved in the manufacturing and sale of raw materials of plastics, home appliances and automobiles. The main polymer products include high-density polyethylene, polypropylene, low-density polyethylene, polyethylene terephthalate, among others. The Monomer segment is involved in the manufacturing and sale of raw materials of processed petrochemicals such as styrene monomer, butadiene, ethylenesic acid duct, ethylene oxide glycol. The Basic Chemical segment is involved in the manufacturing and sale of raw materials such as ethane, propylene, benzene, and toluene. The Other segment is engaged in the real estate leasing, as well as the provision of dispatch services.