Petrochemical companies in Korea could witness consolidation after 2009

25-Dec-07
LG Chemical, Honam, Hanwha Petrochemical, Kumho Petrochemical, SK Corp., Samsung Total Petrochemical, Yeochun NCC and Korea Petrochemical are Korea's domestic petrochem producers. Of these only Yeochun NCC and Samsung Total are unlisted on the Korea Stock Exchange. The existing petrochemical companies in Korea could witness consolidation after 2009. The main driving force behind this would be a slow down in the petrochem cycle from 2009. Currently the petrochemical business is going through a favorable operating cycle for the past four years. But when the business goes through its cyclical lows in 2009, some of the companies face problems unless they raise their competence levels and gear up to face the challenges of the global market by 2010.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Lohia tape stretching line

Lohia tape stretching line