May 24, 2017 11:23 PM ET

Chemicals

Company Overview of SK Global Chemical Co., Ltd.

Company Overview

SK global chemical Co., Ltd. manufactures and sells chemical products in South Korea and internationally. It offers olefins, including ethylene, propylene, butadiene, methyl tert-butyl ether, and butylene; and aromatics, such as benzene, toluene, mixed xylene, para xylene, and styrene monomer that serve as raw materials for commodities, construction, appliance, and textiles. The company also provides performance chemicals consisting of aromatics/heavy aromatics, naphthenes, light aliphatics, de-aromatics, paraffins, high-purity hydrocarbons, and oxygenated chemicals for use in paints, inks, agrochemicals, electronics, medical-purpose chemicals, adhesives, extract solvents, foaming agents, de...

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 Reports Earnings Results for the Third Quarter Ended September 2016

SK Global Chemical reported earnings results for the third quarter ended September 2016. For the quarter, the company posted an operating profit of KRW 215.4 billion, down by 28.8% on quarter, partly due to plant turnarounds. The company's third-quarter sales stood at KRW 1,834 billion.

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 2, 2017
The Dow Chemical Company, Ethylene Acrylic Acid Business Unit
Merger/Acquisition
December 2, 2016
LTC Co., Ltd.
Private Placement
August 26, 2016
SK Global Chemical Investment Hong Kong Limited
 

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