Latest news with #SKchemicals'
Yahoo
15-05-2025
- Business
- Yahoo
SK chemicals Signs MOU with Malaysia's Leading Kitchenware Manufacturer LH Plus - "Accelerates Expansion into Southeast Asian Market with Sustainable Materials"
SK chemicals Signs MOU with LH Plus to Supply 2,000 Tons of ECOZEN and SKYPET CR SK chemicals and LH Plus to Jointly Develop Kitchenware Products Using SK chemicals' Materials SHAH ALAM, Malaysia, May 15, 2025 /PRNewswire/ -- SK chemicals has partnered with Malaysia's leading company to expand its presence in the kitchenware materials market. SK chemicals (CEO and President: Ahn Jae-hyun) announces that it has signed an MOU with Malaysia's kitchenware manufacturer LH Plus (LH PLUS Sdn. Bhd.), to supply copolyester and circular recycled plastic materials. LH Plus, based in Malaysia, is a manufacturer of plastic kitchenware, selling approximately 6 million products annually, including food and beverage containers. It is the number one company in Malaysia in terms of production and sales volume in the kitchenware sector and supplies various products to renowned global brands. Under the MOU, SK chemicals will supply LH Plus with up to 2,000 tons of ECOZEN—a copolyester containing biomass—and SKYPET CR—a circular recycled PET made from waste plastics—by 2027. The 2,000 tons of raw materials can produce approximately 100 million 1-liter water bottles. The two companies will also collaborate on developing new kitchenware products using ECOZEN and SKYPET CR materials and expanding their reach among global brands. ECOZEN is a high-performance material known for its glass-like transparency, making it ideal for food containers where visibility is essential. It is free of bisphenol A (BPA), an environmental hormone, making it a safe and reliable choice for cookware and kitchenware. SKYPET CR, produced using advanced depolymerization technology, breaks down waste plastics at the molecular level and transforms them into raw materials, ensuring the same quality and properties as petroleum-based PET. Unlike mechanically recycled plastics, which are typically used in textiles and furniture, SKYPET CR can be used for a wide range of products that traditionally rely on petroleum-based PET, including food and beverage containers and tableware. It also addresses consumer concerns regarding hygiene and safety. Callum Chen, CEO of LH Plus, stated, "SK chemicals offers a diverse product portfolio, ranging from high-heat-resistant, transparent copolyesters to circular recycled plastic materials." He added, "This MOU will enhance our ability to meet the growing demand for sustainable kitchenware solutions, including recycled and bio-based materials." Kim Eung-soo, Head of the Green Materials Business Division at SK chemicals, stated, "The adoption of eco-friendly plastic materials, including recycled plastics, is steadily increasing across the Asia-Pacific kitchenware market." He added, "By partnering with LH Plus, we aim to deliver optimized solutions from materials to finished products and accelerate our expansion in the kitchenware market." View original content to download multimedia: SOURCE SK chemicals
Yahoo
14-05-2025
- Business
- Yahoo
SK chemicals Signs MOU with Malaysia's Leading Kitchenware Manufacturer LH Plus - "Accelerates Expansion into Southeast Asian Market with Sustainable Materials"
SK chemicals Signs MOU with LH Plus to Supply 2,000 Tons of ECOZEN and SKYPET CR SK chemicals and LH Plus to Jointly Develop Kitchenware Products Using SK chemicals' Materials SHAH ALAM, Malaysia, May 14, 2025 /PRNewswire/ -- SK chemicals has partnered with Malaysia's leading company to expand its presence in the kitchenware materials market. SK chemicals (CEO and President: Ahn Jae-hyun) announces that it has signed an MOU with Malaysia's kitchenware manufacturer LH Plus (LH PLUS Sdn. Bhd.), to supply copolyester and circular recycled plastic materials. LH Plus, based in Malaysia, is a manufacturer of plastic kitchenware, selling approximately 6 million products annually, including food and beverage containers. It is the number one company in Malaysia in terms of production and sales volume in the kitchenware sector and supplies various products to renowned global brands. Under the MOU, SK chemicals will supply LH Plus with up to 2,000 tons of ECOZEN—a copolyester containing biomass—and SKYPET CR—a circular recycled PET made from waste plastics—by 2027. The 2,000 tons of raw materials can produce approximately 100 million 1-liter water bottles. The two companies will also collaborate on developing new kitchenware products using ECOZEN and SKYPET CR materials and expanding their reach among global brands. ECOZEN is a high-performance material known for its glass-like transparency, making it ideal for food containers where visibility is essential. It is free of bisphenol A (BPA), an environmental hormone, making it a safe and reliable choice for cookware and kitchenware. SKYPET CR, produced using advanced depolymerization technology, breaks down waste plastics at the molecular level and transforms them into raw materials, ensuring the same quality and properties as petroleum-based PET. Unlike mechanically recycled plastics, which are typically used in textiles and furniture, SKYPET CR can be used for a wide range of products that traditionally rely on petroleum-based PET, including food and beverage containers and tableware. It also addresses consumer concerns regarding hygiene and safety. Callum Chen, CEO of LH Plus, stated, "SK chemicals offers a diverse product portfolio, ranging from high-heat-resistant, transparent copolyesters to circular recycled plastic materials." He added, "This MOU will enhance our ability to meet the growing demand for sustainable kitchenware solutions, including recycled and bio-based materials." Kim Eung-soo, Head of the Green Materials Business Division at SK chemicals, stated, "The adoption of eco-friendly plastic materials, including recycled plastics, is steadily increasing across the Asia-Pacific kitchenware market." He added, "By partnering with LH Plus, we aim to deliver optimized solutions from materials to finished products and accelerate our expansion in the kitchenware market." View original content to download multimedia: SOURCE SK chemicals Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
SK chemicals Participates in Europe's Largest Coatings Show, ECS 2025 Offering Sustainable Solutions in the Coatings and Paint Sector
- Participating in European Coatings Show 2025 Held in Nuremberg, Germany - Showcasing Sustainable Materials Including SKYBON, SKYCHDM, and ECOTRION NUREMBERG, Germany, March 31, 2025 /PRNewswire/ -- SK chemicals is participating in a coatings and painting exhibition for the first time, strengthening marketing efforts for each material. SK chemicals (CEO and President Ahn Jae-hyun) announced on the 31st that it participated in the European Coatings Show (ECS) 2025, held in Nuremberg, Germany, from March 25 to 27. ECS is the most prestigious and largest exhibition in the coatings and paint industry, where professionals gather to discuss the latest materials and technologies, and showcase pigments, additives, adhesives, raw materials, and construction chemical intermediates. This year, more than 1,000 exhibitors and over 30,000 visitors from around the world participated, showcasing the latest materials and technologies while engaging in discussions on fine chemicals trends. This marks SK chemicals' first participation in the exhibition. By participating in specialized exhibitions such as those focused on coatings and adhesives—beyond large-scale plastic trade shows like ChinaPlas, K-Show, and NPE—SK chemicals aims to provide in-depth explanations of its diverse solutions and strengthen its presence through more focused communication with key customer groups in each market. To actively expand its presence in the European coatings and paint market, SK chemicals showcased its sustainable materials—SKYBON, SKYCHDM, and ECOTRION—under the slogan "Sustainable solutions for a responsible tomorrow." SK chemicals' flagship product in the coatings segment is SKYBON. SKYBON is a polyester resin used in adhesives and coatings that is free of BPA, an environmental hormone. As it does not contain environmental hormones, SKYBON is suitable for food-contact applications and is gaining attention as a potential alternative to epoxy in can coatings. SKYCHDM, a key raw material for copolyester, was also showcased at the exhibition. SKYCHDM is a material used in polyester resins for coatings and adhesives to enhance chemical and heat resistance, as well as UV durability, without concerns over BPA detection. It can serve as an alternative to raw materials used in polyurethane and coating resins, as well as aromatic and aliphatic chemical substances, offering flexibility while maintaining a certain level of strength when applied. SK chemicals also showcased ECOTRION, a 100% plant-based polyol and one of its flagship bio-based materials. ECOTRION, made from PO3G (Polytrimethylene Ether Glycol), is derived from natural sources and is used as a raw material for applications requiring softness and flexibility, such as spandex and polyurethane. It offers superior elasticity, elastic recovery, and abrasion resistance compared to petroleum-based polyols. SK chemicals plans to further refine its marketing efforts, including participation in targeted exhibitions. SK chemicals plans to actively promote the sustainability of its technologies and materials across different regions, applications, and industries. Ahn Jae-hyun, CEO of SK chemicals, stated, "As environmental regulations tighten across Europe, demand for sustainable materials is growing across various industries." He added, "Beyond copolyesters and circular recycled plastics, we will continue to develop and promote a wide range of sustainable solutions that leverage our technological capabilities." Meanwhile, SK chemicals is actively pursuing exhibition marketing strategies tailored to each country, application, and industry. This includes participation in the world's top three plastic trade shows—K Show, NPE, and ChinaPlas—as well as application-focused exhibitions like China Beauty Expo for cosmetics and Plastimagen, the largest plastics exhibition in Latin America. View original content to download multimedia: SOURCE SK chemicals Sign in to access your portfolio
