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S.Korean chem firms look to specialty chemicals to drive growth

South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company posted an operating profit of 213.7 billion won ($194 million), almost triple the amount from the year-earlier period, thanks to the soaring sales of NB latex during the COVID-19 pandemic. NB latex is a type of synthetic latex used to make industrial, cooking and surgical gloves.  Kumho Petrochemical did not expect the boom to continue as overseas ...
Cho Hyun Joon Shandong Ruyi Lotte Fine Chemical Co Hyosung Group Hanwha Total Petrochemical Co Lotte Chemical Corp

Hyundai signs deal to build first overseas hydrogen fuel cell plant in China

Hyundai Motors hydrogen-powered truck concept Neptune, unveiled at a Chinese import expo in 2019. Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’s largest auto market by building its hydrogen vehicles there. The top Korean automaker said on Jan. 15 that the construction of the plant in Chinas southern city of Guangzhou will begin in February with a view ...
South Korea United Kingdom South Korean Chung Euisun Bosch Gmb Hyundai Motor Co

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