Kumho Petrochemical Co., Ltd Overview
Company Headquarters: Seoul, South Korea
Founded: 1970
Workforce: ~1,350
Company Working: Kumho Petrochemical Co., Ltd is a manufacturer of synthetic rubbers and resins. The company business field includes synthetic resins, specialty chemicals, nanocarbon, energy, and building materials. It offers styrene butadiene styrene (SBS) under the segment of the synthetic rubber under the brand name KUMHO KTR. The company provides its SBS products for applications such as asphalt modifier, waterproof sheet, adhesives, compounding, and plastic modifier. The company operates sales offices in China, the US, Germany, Malaysia, Korea, and Indonesia and sells products to customers across six continents.
Strategy
Kumho Petrochemical Co., Ltd focuses on the expansion of its regional presence via organic and inorganic growth strategy. Further, the company focuses on Research & Business Development (R&BD) to develop innovative products and new application areas for existing products. In 2018, the company accomplished the development of an SBS grade that conforms FDA standards for plastic and adhesives usage and was selected as the 17th world-class product by the Korea Trade-Investment Promotion Agency (KOTRA).
