Kumho Petrochemical posts 32% growth in rubber sales

Seoul – Kumho Petrochemical has posted a 32% year-on-year rise in its synthetic rubber sales at KRW2,068.1bn (€1.55 billion), the South Korean company announced 1 Feb.

Profitability, said Kumho Petrochemical, improved during the financial year 2017, as a result of “stable selling price in spite of weak butadiene price.”

Consolidated operating income rose 67.2% at KRW262.6bn, but the petrochemicals manufacturer did not provide a breakdown for the synthetic rubber business.

Production volume for synthetic rubber stood at just under 1.5 million tonnes, the company did note in its…

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