Selected by Ylem Technology, Inc. as the world's leading producer of p…
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Ylem Technology (CEO, Byung-seung Kim), which produces polybutene-1, is used as a material for environmentally-friendly piping materials, and was selected as the "2015 World-class Product and Production Company" by the Ministry of Industry and Commerce.
Ylem Technology, a chemical affiliate of Taekwang Industrial Co., Ltd., was established in 2003 and completed the commercialization plant in 2009 and won the 5 million dollar export tower in 2014, becoming a global company.
"World-class products and production enterprises" are selected and announced annually by the Ministry of Commerce, Industry and Energy to diversify and upgrade exports, and to foster world-class products to expand future export power.
'World-class products' must meet strict standards set by the Ministry of Industry and Commerce, and are selected after deliberation by a recommendation committee composed of experts in each industry.
Ylem Technology succeeded in acquiring PolyButene-1, the world's only chemical company, which was the third in the world to acquire technology and mass production technology, and achieved a global market share of 7% in 2014, followed by China, Japan, Thailand and Australia It has grown into a global company specialized in polybutene-1.
Although polybutene-1 is mainly used as a pipe material, it is widely applied to various fields such as films applied to food materials storage containers and high added plastics for metal substitution.
"We are selected as 'world's leading product and production company' and will be supported by corporate globalization program, and we will be able to move forward to the world's top company in global polybutene-1 sector."
Meanwhile, Taekwang Industrial Co., Ltd.'s chemical subsidiaries are Huchems, Aerogel Korea, Aegang Limetec and Ileem Technologies.