Korean synthetic rubber suppliers in expansion mode

Seoul – Two Korean speciality chemicals suppliers, LG Chem and Kumho Petrochemical, are expanding their synthetic rubber production capacity according to local press.

LG Chem is improving its business model, strengthening R&D and focusing on bio-industry aiming to become one of the “top five chemical corporations by 2025,” said a 28 Feb report by Korean Joongang Daily.

As part of the plan, LG’s basic materials & chemicals R&D centre will upgrade and develop technologies for elastomers and solution styrene butadiene rubber (SSBR).

The company, said the report, plans…

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