Kumho Petrochemical Overview
Company Headquarters: Seoul, South Korea
Founded: 1970
Workforce: ~1,200
Company Working: Kumho Petrochemical is one of the leading manufacturers of synthetic rubber and operates through the synthetic rubber, synthetic resins, and others business segments. The others segment includes specialty chemicals, electronic materials, nanocarbon, and energy business segments. The company has 13 manufacturing plants located in South Korea and China with 12 sales offices across the globe. Kumho Petrochemical has two research centers in South Korea and invested around 0.18 billion in R&D in 2017. It had over 11 subsidiaries and assets worth USD 4.29 billion as of 2017. It offers vulcanization accelerators and antioxidants under its specialty chemicals business. It produces nearly 83,500 MT per year of vulcanization accelerators.
Strategy
Kumho Petrochemical aims at becoming the leading chemicals group by 2020 and manufacturing over 20 synthetic rubber products. The company is focused on registering sales of around USD 0.02 trillion (KRW 20 trillion) by 2020. It is also focused on innovation, with six major developments in the fields of synthetic rubbers, synthetic resins, and electronic materials in 2017.
