KUMHO PETROCHEMICAL

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Kumho Petrochemical Begins Expansion of NB Latex Production Capacity to 550,000 Tons
No. 21 Date registered : 2018.06.20
- Expansion of annual production capacity from 400,000 tons to 550,000 tons by the first quarter of 2019

On June 20, 2018, Kumho Petrochemical (Chairman and CEO Park Chan-koo) announced that it has started the expansion of the NB Latex production capacity of its rubber manufacturing plant in Ulsan from 400,000 tons to 550,000 tons per year.

 

Kumho Petrochemical will further consolidate its status as the world’s No. 1 NB Latex manufacturer with the annual production capacity of 550,000 tons when the expansion is completed by the end of the first quarter of 2019. In 2016, Kumho Petrochemical doubled its annual production capacity for NB Latex to 400,000 tons, but the company is making the additional expansion of 150,000 tons for its Ulsan unit because the global demand for latex gloves will gradually increase. Other major NB latex manufacturers aside from Kumho Petrochemical include Synthomer in Malaysia and Nantex in Taiwan.

 

Kumho Petrochemical’s NB latex, which is used as a raw material for manufacturing medical rubber gloves that are thin and light but do not easily get torn, has also been extended for industrial and cooking purposes through the continuous improvement of its physical properties. In addition, gloves made of such a synthetic latex do not trigger an allergic reaction to certain proteins found in natural latex gloves. The company has recently developed a new NB latex product, KNL 834, which is suitable for a more elaborate work, by enhancing physical stability and tensile strength, and it continued to expand its sales based on solid partnerships with customers.

 

The latex gloves market currently centers on Southeast Asia including Malaysia. With the demand expected to rise by about 10% every year, Kumho Petrochemical established an operation office in Kuala Lumpur, Malaysia in 2016 as part of its efforts to preemptively respond to the expanding market.

 

 

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