The Korea Times
Kumho Petrochemical Group is seeking to respond to mounting market uncertainties and a prolonged global petrochemical supply glut by accelerating its shift toward a high value-added business portfolio, the company said Wednesday. The group plans to closely monitor market trends to strike a balance between profitability and growth, with the goal of turning the current downturn into a new growth engine. Kumho Petrochemical, the group’s flagship affiliate, has stepped up efforts to sharpen its edge in solution styrene butadiene rubber (SSBR), a high-performance synthetic rubber that enhances both tire wear resistance and fuel efficiency. The material is viewed as especially well-suited for electric vehicles, whose tires face heavier loads from batteries as well as frequent acceleration and braking. The company completed new SSBR facilities last year, boosting its annual production capacity by 35,000 tons. With the additional lines that started commercial operations in the first quarter, Kumho Petrochemical expects it will be able to further reinforce its position in the specialty rubber
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