Industry News

Kolon Chemical Suzhou company get the investment of Capital from GP(USA)

Published on 2005-12-27. Author : SpecialChem

Kolon Chemical Co., Ltd (President : Mr. Youngho Bae) notice that they made the Shareholders' contract with GPRI for the investment of Capital to the Kolon chemical(suzhou) Co., Ltd. which Kolon owned 100%.

Kolon Chemical (Suzhou) is established by Kolon Chemical on Mar. 2005 to be global company at the basisin China, which is the first phenolic resin specialized company and his capacity is 18,000MTA and now under commercial operating.

Through this Shareholders' contract, Kolon contributethe 33.3% of Share to GPRI and GPRI invest U$3Mil. as a capital. The new company name will be Kolon GP Chemical (Suzhou) Co., Ltd. and will be new step for 2nd take-off stage after accessing to China.

Georgia-Pacific Resins is a leading supplier of thermosetting resins and chemicals used in building products, paper making and specialty industrial applications. It operates 15 chemical plants in the United States, two in Brazil, and one in both Chile and Argentina, as well as a joint venture in South Africa, GPRI's parent company, Georgia-Pacific (GP), is one of the world's leading manufacturers and marketers of tissue, packaging, paper, building products and related chemicals. With 2004 annual sales of approximately $20 billion, the company employs approximately 55,000 people at more than 300 locations in North America and Europe.

Kolon Chemical made the a strategic alliance with GPRI in December, 2003 for several business as like Product sales, R&D, new market development.

The new Shareholders' contact will make more concrete friendship onward.

[What is Phenolic]

Phenolic reins have the special properties ofheat resistance, in some cases chemical resistance,good dimensionalstability, easy processing, it is used widely as a industrial raw materials as like Refractory, Felt, Brake, Foundry, Dipping, Abrasive, Paint&Ink, Adhesive, PCB, Semi-conductor encapsulation, and intermediate of Epoxy resin.

Source: Kolon Chemical Co., Ltd

Nynas Naphthenic Process Oils
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