Kumho Petrochemical rubber sales down 25%

Seoul – South Korean materials supplier Kumho Petrochemical has reported a decline in synthetic rubber revenues during the first quarter of 2018, compared to the same period in 2017.

Synthetic rubber turnover stood at KRW 474 billion during the three months to end of March, down 25.4% compared to KRW636.2 billion the previous year.

While Kumho did not offer explanation for the fall, a sharp rise in materials prices at the beginning of last year could have provided an ‘unfavourable’ basis of reference.

Quarter over quarter, sales rose…

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