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May 23, 2015 10:28 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. It offers basic oils, such as ethylene and propylene, which are key ingredients of petrochemical products, as well as intermediate derivative, including butadiene and Butene-1; and ingredients for use in toothpaste tubes, stationery and storage containers, automotive, electronics, and communications materials. The company also provides synthetic rubber that is used as an automotive component; and industrial chemicals, such as benzene, toluene, xylene, para-xylene, styrene monomer, etc. that are used as raw materials in dai...

26 Jong-ro

Jongno-gu

Seoul,  110-110

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 2014.

SK global chemical Co., Ltd. Key Developments

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.

SK Global Chemical Co., Ltd. Announces Earnings Results for the Second Quarter of 2014

SK Global Chemical Co., Ltd. announced earnings results for the second quarter of 2014. For the period, the company posted a 3.9% year-on-year increase revenue to KRW 3,261 billion, with operating profit falling by 77.2% to KRW 51 billion. This is primarily due to a projected improvement in downstream demand followed by operating ratio adjustment and improvement in PX facilities, and purified terephthalic acid.

SABIC and SK Global Chemical Signs on $595 Million Joint Venture Agreement

Saudi Arabia's SABIC and SK Global Chemical have signed a $595 million joint venture agreement to manufacture a range of performance polyethylene products. The 50-50 joint venture, which is based in Singapore, is expected to operate a series of production plants, the first of which was recently completed by SK Global Chemical at its complex in Ulsan, South Korea, with an expected annual capacity of 230,000 tones. The plants [in Ulsan] will produce metallocene linear low density polyethylene (LLDPE), polyolefin plastomers and polyolefin elastomers that will meet the growing needs of diverse industries such as advanced packaging, automotive, healthcare, footwear and electrical & lighting. The JV is also planning to build a second production base in Saudi Arabia. Over time, production bases will be established worldwide. SABIC and SK Global Chemical did not provide a timeline for the establishment of the new plants.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2014
SK Petrochemical Co.,Ltd
Private Placement
June 17, 2014
Ulsan Aromatics Co., Ltd.
 

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