Kumho Petrochemical to invest USD2 billion to expand its eco-friendly vehicle materials business
The petrochemical company plans to develop materials such as bio-silica, carbon nanotubes, and engineering plastics for application in future vehicles
South Korean synthetic rubber manufacturer Kumho Petrochemical announced via press release on 6 June that it planned to invest USD4.8 billion over the next five years in new projects, with USD2 billion specifically for the development of new materials for the growing eco-friendly vehicle market.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
