September 26, 2016 5:58 AM ET

Chemicals

Company Overview of SK Global Chemical Co., Ltd.

Company Overview

SK global chemical Co., Ltd. develops, manufactures, and supplies base chemical products, synthetic resins, high functional chemical products, and other chemical products. The company offers basic oils, such as ethylene and propylene; intermediate derivatives, including butadiene and Butene-1; and ingredients for use in toothpaste tubes, stationery and storage containers, automotive, electronics, and communications materials. It also provides synthetic rubber that is used as an automotive component; and industrial chemicals, such as benzene, toluene, xylene, para-xylene, styrene monomer, etc. In addition, the company offers performance chemicals, which include aromatic, naphthenic, aliphatic...

26 Jong-ro

Jongno-gu

Seoul,  

South Korea

Founded in 1962

Phone:

82 2 2121 5114

Fax:

82 2 2121 7001

Key Executives for SK Global Chemical Co., Ltd.

Chief Executive Officer and President
Age: 55
Compensation as of Fiscal Year 2016.

SK Global Chemical Co., Ltd. Key Developments

SK Global Chemical and Saudi Basic Industries Corp. Announce Joint Venture Deal

SK Global Chemical and Saudi Basic Industries Corp. announced that they had agreed to establish a KRW 710 billion ($631.9 million) joint venture to produce and market high-performance polyethylene products based on SK's technology. The new 50-50 joint venture, SABIC SK Nexlene Co., will be located in Singapore and operate SK's polyethylene plant in Ulsan, which was completed in 2014 with an estimated annual capacity of 230,000 tons. They will also consider building a second plant in Saudi Arabia in a few years and expand production bases worldwide. The two partners will use Nexlene, a high performance polyethylene technology developed by SK Innovation. Covering the whole process, including catalyst, reaction, and production, Nexlene is used for high value films, interior materials for automobiles and shoes, and cable sheathing. SK Innovation and SK Global Chemical are contributing their technology and production facility to the joint venture SSNC, securing KRW 540 billion in cash. The SK solution will enable the two companies to manufacture a wide range of materials and will benefit both converters and end customers through better performance, processing and product properties.

SK Global Chemical Announces Earnings Results for the Fourth Quarter of 2014

SK Global Chemical announced earnings results for the fourth quarter of 2014. For the quarter, the company posted 50.5% decline in operating profit to KRW 78.4 million despite a 5.4% increase in sales to KRW 3.02 billion due to lower product spreads for paraxylene (PX) and benzene.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 26, 2016
SK Global Chemical Investment Hong Kong Limited
 

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