- No.1 in domestic market share in LDPE (including EVA)
- Specialty products (high-value-added products)
account for 69% of total sales - World's top 3 W&C compound manufacturer
- Korea's largest LDPE, LLDPE
production facility
PO is a polymer that boasts outstanding physical properties and environmental stability. It is used in a wide variety of applications from daily consumer goods, such as packaging materials, container lids, and plastic bags to high-tech industrial goods. Hanwha Chemical was Korea's first company to produce LDPE in 1972, and we were also the first company in Korea to produce LLDPE in 1986. Through relentless efforts in technology innovation, we also became the first company in Korea to produce wire and cable (W&C) compounds that had been entirely reliant on imports. Our W&C compounds’ application has been expanding continuously to include extra-high-voltage cables. We also succeeded in developing EVA (ethylene vinyl acetate), a specialty value-added product, with our own technology. Our EVA was crowned the World-Class Products of Korea certification.
Hanwha Chemical made inroads into the Middle Eastern market by signing a joint venture deal with Saudi Arabia's Sipchem, a private petrochemical company. IPC (International Polymers Company), the JV based in Saudi Arabia, is producing specialty PO products, EVA and LDPE. The investment allowed us to reduce cost and achieve an economy of scale, and secure world-class competitiveness by becoming the world's second largest EVA manufacturer.
TIMELINE
- 1972 Produced Korea's first LDPE
- 1985 Produced Korea's first EVA and W&C compound
- 1986 Produced Korea's first LLDPE
- 2004 Insulation compounds for power cables certified as the World-Class Product of Korea
- 2009 EVA for thermal lamination film certified as the World-Class Product of Korea Launched International Polymers Company (IPC), a JV based in Saudi Arabia, for LDPE and EVA production
- 2011 EVA for photovoltaic cells certified as the World-Class Product of Korea
Launched Gulf Advanced Cable Insulation (GACI), a JV based in Saudi Arabia, for W&C compound production - 2013 Launched Malaysian subsidiary
- 2015 IPC and GACI commenced the commercial production
Products
- LDPELow Density Polyethylene
- A synthetic resin suitable for making agricultural and industrial films, it is also used for coatings, injection molding, foaming, and blow molding purposes.
- EVAEthylene Vinyl Acetate Copolymer
- With outstanding transparency, flexibility, and low-temperature brittleness, EVA is used as a material for shoe soles, agricultural films, laminating films, and solar cell sheets.
- LLDPELinear Low Density Polyethylene
- With its mechanical strength, optical properties, and high resistance to environmental stress cracking, it is used as an ingredient for food and industrial packaging materials and tarpaulin coatings.
- HDPEHigh Density Polyethylene
- HDPE has high-speed processability, high mechanical strength, and high puncture resistance. It is widely used for insulating communication cables and tarpaulin yarns.
- W&CWire & Cable Compound
- W&C compounds feature balanced electrical and mechanical properties as well as extrusion processability. They are used in insulating and sheathing electric and communication cables.