Kumho P&B Chemicals. Inc

Kumho P&B Chemicals. Inc Overview

Company Headquarters: Seoul, Korea

Founded: 1976

Workforce: ~ 385

Company Working: Kumho P&B Chemicals. Inc (KPBC) is a leading petrochemical company based in South Korea. KPBC has established itself as a prominent player in the global petrochemical industry. The company specializes in the production and distribution of a wide range of petrochemical products, including polymers, synthetic resins, and specialty chemicals. The company places a strong emphasis on research and development, constantly striving for innovation and product improvement. The company has its presence in Europe, North America, Asia Pacific, Latin America, and Middle East regions. KPBC products find application across various industries, including automotive, electronics, packaging, and construction. KPBC commitment to quality, innovation, sustainability, and customer satisfaction positions it as a trusted partner in the petrochemical industry, driving growth and delivering value to its customers worldwide.

Strategy

KPBC follows a strategic approach focused on innovation, sustainability, and customer-centricity. The company aims to maintain its position as a leader in the petrochemical industry by continuously investing in research and development, driving technological advancements, and improving product quality. KPBC places a strong emphasis on sustainability, integrating eco-friendly practices into its operations to minimize environmental impact. The company's strategic direction also prioritizes close collaboration with customers, understanding their needs, and providing tailored solutions and technical support. By combining innovation, sustainability, and customer-centricity, KPBC strives to create long-term value, foster growth, and establish enduring partnerships in the global petrochemical market.

Company Snapshot

$3,847.6M

Revenue

385

Employees

1976

Founded

Seoul, Korea

Headquarters

SWOT Analysis

Strengths

Strong monopoly and reputation of the company
Diverse and innovative product mix
Good at product demand forecasting

Weaknesses

Less industry experience
Extra cost of building new supply chain and logistics network
Declining market share

Opportunities

Decreasing cost of fright and transportation
Local Collaboration
Opportunities in Online Space

Threats

Shortage of skilled human resources
Emergence of new players may pose threat

Key Developments

Date	Approach	Development
February 2023	Acquisition	Kumho Petrochemical has acquired ISCC PLUS, an international sustainability & carbon certificate to increase its sustainable credibility in the industry. The acquisition is expected to bring the better clearance in policy and regulations with respect to environmentally friendly productions.
October 2021	Partnership	Kumho Petrochemical has entered into partnership with Shanghai Kumho-Sunny Plastics Co., Ltd to increase its production of polystyrene resins by three times by 2024.
May 2021	Acquisition	Kumho Petrochemical has acquired Kumho Polychem to establish its leadership in the synthetic rubber industry. The company holds 50% of shares with joint venture with JSR Corporations. The acquisition is expected to enhance Kumko Petrochemical industry competitiveness in synthetic polystyrene sector.

Product Offering

Kumho P&B Chemicals. Inc
- Impact Polystyrene

Financial Performance

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