5 July 2015
ABOUT SK CHEMICAL
About metallocene based linear low-density polyethylene
The packaging industry will benefit from lighter versions of
Nexlene (mLLDPE) for producing films to manufacture
flexible food packaging and wrapping materials.
They can also be used in
pipes and consumer goods, such as rotomoulded articles.
About Polyolefin plastomers
Metallocene polyolefin plastomers
are designed to provide excellent heat-seal strength
for a variety of packaging products that
can help provide inner sealing, adhesion, and
a barrier against air and moisture.
Metallocene polyolefin elastomers have applications
in a number of industries where elasticity is important,
including impact modifiers in
the automotive industry, footwear in consumer markets, and
wire coatings in the utilities and construction industries
DETAILS
The closing of the deal on Friday, July 3, in Seoul
was presided over by
Abdulrahman Al-Fageeh, Polymers Executive Vice President,
and Hwa Youp Cha, SK Global Chemical CEO.
and the Korean petrochemical company,
have successfully concluded negotiations
for a 50-50 joint venture that
will purchase the unique Nexlene™ solution technology
and a plant that manufactures a range of high-performance
Ethylene/Alpha-Olefin copolymers products
in Ulsan, Republic of Korea.
The aggregate purchase price for the technology and
plant is approximately USD 640 million.
The joint venture holding company,
SABIC SK Nexlene Company (SSNC)
is headquartered in Singapore.
Its wholly owned subsidiary,
Korea Nexlene Company (KNC), owns the plant in Ulsan,
which has an annual capacity of 230,000 tons.
The parties intend to further expand capacity
with the construction and operation of additional plants globally.
The plant will produce
* metallocene based linear low-density polyethylene,
* polyolefin plastomers, and
to meet the growing needs of diverse industries such as
flexible packaging, industrial and agricultural film,
automotive, consumer products (footwear), medical, and construction.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
