20 December 2012
Details
SK Chemicals
is investing in a large scale facility
for the production of super engineering plastics.
Product : Poly Phenylene Sulfide (PPS)
Location : Ulsan, South Korea
Investment : KRW 230 billion
Production Capacity : 12,000 tons per year of base resin
with plan to increase to 20,000 tons
subject to market growth after 2015
Schedule : commercial in 2015
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About PPS
- PPS is a super engineering plastic
that is resistant to high heat and chemicals and
it uses is being expanding to metals replacement.
- The global super engineering plastic market
is about 280,000 tons and of this
- PPS amounts to 94,000 tons annually
as of compound (2012)
- The global market of PPS is forecast to grow
on average at the rate of 7 % per year until 2020.
- As the automobile is actively working to
develop and apply more PPS in hybrid and and e-car
for the production of lighter automobiles,
demand for compound is forecast to increase from
50,000 tons in 2011 to
100,000 tons in 2019
in the automobile business alone.
- For the production of PPS compound,
Glass fibers and other materials are added.
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Commerical schedule and sales targets
- Commerical operation in 2015
- Expected sales of KRW 140 billion by 2017
- Target sales of KRW 340 billion by 2024
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