- Secured competitiveness via vertical integration
Ethylene → EDC → VCM → PVC - Holds 49% of Korea’s PVC market share
Polyvinyl chloride is a general-purpose plastic most widely used as a raw material for industrial goods, packaging films, toys, and household items. After producing Korea’s first PVC in 1966, Hanwha Solutions Chemical Division successfully achieved complete vertical integration from supply to distribution. It now leads the PVC industry in Korea.
Our PVC plant in Ningbo China is capable of producing 300,000 tons of PVC annually. The plant, along with our strategic alliance with local chemical players, enable us to maintain a strong presence in the Chinese PVC market with products that are superior in quality, eco-friendly, and cost competitive.
Since 2017, we’ve been producing CPVC, a specialty synthetic resin. CPVC has 10% more Chlorine content than PVC. It’s also highly resistant to heat, pressure, and corrosion, making it an ideal raw material for sprinklers, transporting hot water, and special-purpose industrial pipes. We’ve also been successful independently developing an eco-friendly plasticizer, Eco-DEHCH, a phthalate-free plasticizer with superior quality.
TIMELINE
- 1966 Produces Korea’s first PVC
- 1967 Completes construction of Ulsan PVC Plant
- 1968 Completes construction of Jinhae PVC Plant
- 1990 Completes construction of Yeosu PVC plant
- 2009 Acquires Ulsan Plant 3 for DOP, MA, and PA production
- 2010 Completes construction of Ningbo PVC plant in China
- 2017 Localization of CPVC in Korea is achieved as production begins
Obtains certification for eco-friendly plasticizer, Eco-DEHCH
Products
- PVC ResinPolyvinyl Chloride Resin
- PVC has extensive applications, including different types of pipes, agricultural films, synthetic leather, sheets, window frames, cable sheathing, hoses, and cable insulation.
- CPVCChlorinated PVC
- CPVC is a specialty product permeated with Chlorine to become very resistant to heat, pressure and corrosion. It is an ideal raw material for sprinklers, hot water, and special industrial pipes.
- PSRPVC Paste Resin
- PSR is used in a diverse range of industries, including construction, consumer goods (sofa, bag, shoes), automobiles (vehicle undercoating, batteries), and stationary and children’s items (erasers, dolls).
- PlasticizerPlasticizer
- Plasticizers are additives for PVC and PSR resins that give greater flexibility to plastics. They are mainly used in products and compounds that require flexibility.
- OAOxo Alcohol / 2-Ethyl Hexanol
- OA is a colorless and transparent liquid produced by a chemical reaction between Propylene, Carbon Monoxide, and Hydrogen. OA is used in plasticizers, solvents, detergents, and acrylates.