MOSCOW (MRC) -- SK Global Chemical's is likely to shut its linear low density polyethylene (LLDPE) plant, as per Apic-online.
A Polymerupdate source in South Korea informed that the company has schedules to start turnaround at the plant on September 17, 2019. The plant is slated to remain under maintenance for about two weeks.
Located in Ulsan, South Korea, the LLDPE plant has a production capacity of 210,000 mt/year.
As MRC reported earlier, in December 2017, SK Global Chemical completed its acquisition of Dow Chemical’s packaging product business. SK Global Chemical, the chemical unit of SK Innovation, signed a deal with Dow Chemical to acquire the US chemical firm’s polyvinylidene chloride (PVDC) unit last October. PVDC is used for clear film packaging including plastic food wrap. With the deal completed, SK Global Chemical now has full control of properties previously owned by Dow Chemical. They include Michigan-based facilities, related technologies and intellectual assets, as well as the trademark right to the plastic wrap brand Saran.
According to MRC's ScanPlast report, LLDPE shipments to the Russian market increased in the first seven months of 2019 by 8% year on year to 234,130 tonnes. Local producers increased their production by 24%.
SK Global Chemical is a pioneering petrochemical company in Korea, being the first in the country to build a naphtha cracking facility in 1972. Through continuous facility investment, R&D and technological improvement, the company has maintained its position as the leader of the petrochemical industry in Korea.