About KCC Silicone
KCC, a leading player in the chemical industry, has traditionally been recognized for its expertise in organic and inorganic chemical products, which form the foundation of modern building materials. In order to maximize synergies, cost efficiency, and customer service, KCC recently merged its two divisions into a single legal entity named Kumgang Korea Chemical Co. Ltd., commonly referred to as KCC. This integration has brought together the expertise of both divisions, resulting in improved products, enhanced technical support, and more competitive pricing.
By consolidating the organic and inorganic chemistry businesses under one roof, KCC aims to solidify its position as a global industry player in the 21st century. The company is committed to investing in innovative research and development activities to further strengthen its capabilities. Historically, a few multinational corporations from the US, Japan, Germany, and France have monopolized the technology in this industry, making it difficult for Korea to compete. However, KCC's efforts in import substitution will not only enhance price competitiveness and pricing power but also pave the way for advancements in precision chemical technology, positioning it as a vital national industry that drives growth in related sectors. This will contribute to improving Korea's image and credit rating.
Recently, KCC inaugurated its Jeonju silicone monomer plant, a result of significant investments in research and development, amounting to over 200 billion won, and equipment totaling 300 billion won, spanning 13 years. The plant, built using KCC's proprietary technology after rigorous pilot testing, has an initial production capacity of 25,000 tons per year, with plans for expansion to 75,000 tons and ultimately 175,000 tons by 2011. These expansions will establish KCC as one of the top four global silicone manufacturers.