SKC Co.

SKC Co. held a groundbreaking ceremony for a transparent polyimide film production line at its Jincheon plant in North Chungcheong Province. The company plans to invest 85 billion won and start commercial production in October 2019.

SKC will invest approximately 80 billion won to establish facilities for wet chemicals for LCD and semiconductors and auto parts at its Nantong plant in Jiangsu, China. The company also plans to set up an auto specialty film joint venture, targeting sales of 130 billion won by 2021.

SKC is in discussions with German chemical firm Evonik for a strategic partnership to expand the HPPO (hydrogen peroxide to propylene oxide) business, potentially forming a joint venture or cooperating on maintenance and operation.

SKC agreed to acquire the 51% stake in SKC Haas Display Films Co. from Dow Chemical for 81.7 billion won ($72.17 million), making SKC the sole owner.