Posted in | News | Petrochemicals | Automotive Materials

Sekisui Acquire Controlling Share of Korean Foam Producer

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Apr 15 2003

It was announced today that Japan’s Sekisui Chemical Co had bought 51%, or a controlling share of Korea’s Youngbo Chemical Co. The price paid was not disclosed.

Sekisui made the strategic move to increase their ability to produce and boost their market share in polyolefin foam which is used in shock absorption, and cushioning, especially in the automotive industry.

Sekisui has a 35% share of the global polyolefins market and is the largest manufacturer of polyolefin foam, while Youngbo was the second largest.

For more information on polyolefins, click here.

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