SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heavyweight Kolon Industries Inc. from the third quarter of this year. SK Global Chemical and Kolon Industries have signed a strategic partnership on 7th April to produce polybuthylene adipate-co-terephthalate (PBAT) plastic, according to the two … Read more
SK Capital Partners, LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, completed its previously announced acquisition of the specialty polymers business of Baker Hughes. The business has been renamed NuCera Solutions, reflecting its history of innovation in the specialty polymers and polyethylene wax markets. NuCera, with manufacturing operations in … Read more
LyondellBasell announced that Ulsan PP Co., Ltd., a joint venture between PolyMirae Company Ltd, a 50-50 partnership of LyondellBasell and Daelim, and SK Advanced broke ground in the southeastern port city of Ulsan, South Korea. This new plant will utilize LyondellBasell’s world leading fifth generation Spheripol technology and is expected to begin production in May … Read more
Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials. Part of the PMMA Business Unit (Industrial Specialties division), the Functional Polyolefins … Read more
DuPont Electronics & Imaging (E&I) has signed an agreement with SK Siltron to sell its Compound Semiconductor Solutions (CSS) business, which makes materials for electric motors. The $450 million sale to SK Siltron, based in South Korea, is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The transaction … Read more
SK Chemicals Inc., a chemical unit of SK Group, said that it has decided to acquire KCF Technologies Co., the world’s top producer of copper foil for lithium-ion batteries, in a bid to diversify its business portfolio. SK Chemicals said it will buy a 100 percent stake in KCF Technologies, currently owned by Kohlberg Kravis … Read more