SEOUL, May 17 (Korea Bizwire) — Kumho Petrochemical said Wednesday it has signed an initial pact with two Japanese firms to secure a key biomaterial needed for tire manufacturing from Japan. Kumho Petrochemical signed a memorandum of understanding (MOU) on the supply of bio-styrene monomer (bio-SM) with oil and petrochemical firm Idemitsu Kosan and Sumitomo [...]
SEOUL, June 6 (Korea Bizwire) — Kumho Petrochemical Group said Monday it will invest 6 trillion won (US$4.8 billion) in existing and new growth businesses, such as electric vehicle materials and biotechnology, over the next five years. The petrochemical group will spend 3.3 trillion won to cement its leading status in the mainstay petrochemical business [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korean chemicals maker Kumho Petrochemical Co. said Thursday that it will produce an eco-friendly synthetic rubber compound using a bio-material made of rice bran, a byproduct of the rice milling process. The company plans to make silica, a material capable of improving the fuel efficiency, braking power and [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korean chemicals maker Kumho Petrochemical Co. has filed a lawsuit against the U.S. government over the imposition of high anti-dumping duties on its synthetic rubber product, industry sources said Monday. In July, the U.S. Department of Commerce slapped anti-dumping duties of 44.3 percent on emulsion styrene butadiene rubber [...]