KUMHO PETROCHEMICAL

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Kumho Petrochemical’s High-Functional SBS Chosen as World-Class Product
No. 22 Date registered : 2018.11.30
- Kumho’s high-performance synthetic rubber SBS used for asphalt modifiers, waterproof sheets, and more was recognized as a World-class Product.

On November 30, 2018, Kumho Petrochemical (Chairman and CEO Park Chan-koo) announced that the group’s synthetic rubber SBS (Styrene-Butadiene-Styrene) was selected as its 17th World-class Product.

 

Kumho Petrochemical’s SBS is a thermoplastic elastomer with high elasticity and excellent strain recovery properties. Thanks to its excellent processability, SBS is widely used for modifiers that improve the performance of asphalt, waterproof sheets, automobile parts, plastic modifiers as PVC substitutes, shoe soles, adhesives (tapes and labels), and others.

 

Kumho Petrochemical began developing and producing SBS in 1994 with its own technology. Since then, it has steadily improved the product properties and expanded markets. In 1996, the group won IR52 Jang Young-shil Award*. Kumho Petrochemical currently has an annual production capacity of 80,000 tons of SBS and plans to increase production by adding 10,000 tons in 2019 through improved processes as demand is expected to grow steadily. Major global makers of SBS include SINOPEC (about 320,000 tons) in China, LCY (about 300,000 tons) in Taiwan, and KRATON (about 190,000 tons) in the U.S. In Korea, LG Chem produces around 90,000 tons. (including overseas plant production as of 2017, according to Qyresearch)

 

The World-class Product Award is hosted by the Ministry of Trade, Industry and Energy and certified by the Korea Trade-Investment Promotion Agency (KOTRA).  Selection is made among the products whose global market share is over 5%, ranking is within top 5 in the world, and global market size is more than USD 50 million or annual export amounts to USD 5 million or more. Last year, four products of Kumho Petrochemical, including acetone and MDI, were chosen as World-class Products.

 

* The IR52 Jang Young-Shil Award is presented to companies with outstanding technology regardless of industry. 

 

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