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“Q-PLUS” Made Kolon ...
“Q-PLUS” Made Kolon Glotech a Prize Winner at “NANO KOREA 2021”
▷ Researcher Hang-Jin Jo received the Minister’s Award in nano industrial technology from the Ministry of Trade, Industry and Energy at NANO KOREA, the biggest nanotech exhibition in Korea
▷ Recognized for making improvements in the spinning process of Q-PLUS, an antiviral functional textile material
Senior research Hang-Jin Jo at Kolon Glotech (CEO Yeong-Bom Kim) received the Minister’s Award from the Ministry of Trade, Industry and Energy at NANO KOREA 2021 in recognition of his research on Q-PLUS, a fiber material with antiviral function.
NANO KOREA, the world’s biggest nanotech international symposium and convergence exhibition, marks its 19th anniversary this year after launching in 2003. This year the event will take place for 3 days from the 7th at KINTEX, Goyang-si, Gyeonggi-do, with the Ministry of Science and ICT and the Ministry of Trade, Industry and Energy as co-hosts and the Korea Nanotechnology Research Society as an organizer.
On the morning of the 7th, Wednesday, NANO KOREA 2021 awards ceremony was held to honor researchers who produced outstanding research results in nanotech and companies (organizations) that introduced products with significant industrial potential. At the ceremony, researcher Hang-Jin Jo from Kolon Glotech was honored with the Minister’s award for his excellent work in developing Q-PLUS, which blocks and exterminates 99.99 percent of all types of germs, fungi, and viruses by applying copper sulfide to textile fabrics such as nylon and polyester.
Since June 2019, Kolon Glotech has been working on a national project with the objective of “developing an antibacterial filter material using low-temperature processing” in partnership with Clean & Science, a filter manufacturer. Senior researcher Hang-Jin Jo successfully developed a functional resin optimized for filters using Q-PLUS technology that enables size flexibility in nano units. He managed to turn the existing high-temperature spinning process into an optimized low-temperature one with higher consistency of nanoparticles. On top of that, when made into a filter, the material shows more effective airflow and a high filtration rate, leading to better antibacterial and antiviral effects.
Kolon Glotech has been showing its deep commitment to the research and development of an antiviral function that blocks various types of viruses in existing antibacterial materials since 2015, and this effort has been followed by the introduction of Q-PLUS, a material with antiviral function, in the second half of 2019. The technology is currently being applied to health masks and air purifiers and is expected to be utilized in antibacterial bedding later this year. Kolon Glotech plans to expand the adoption of Q-PLUS in broader ranges of products: namely, its own-produced car interior products such as car seats and artificial leather.
Make Aggressive Inve...
Kolon Industries to Make Aggressive Investments in 5G and Electric Vehicle Markets by Doubling “Aramid” Output
▷ Doubling annual output to 15,000 tons once again in 3 years
▷ Investing proactively in response to rising demands for 5G cables and ultra-high performance tires for EVs
▷ Solidifying Kolon Industries’ top position in the global aramid market
Kolon Industries (CEO Hee-Goo Jang) is making strides towards high tech industries such as 5G and electric vehicle by ramping up its output of aramid fibers (brand name: Heracron) by 50 percent. Aramid fibers are a high-strength material 5 times stronger than steel and can withstand high temperatures of 500 degrees Celsius.
The Korean chemical and textile company announced its aramid annual output will increase from the current 7,500 tons to 15,000 tons by expanding its aramid fiber production line in Gumi, North Gyeongsang Province, by 2023. This is a large-scale investment aiming to double capacity once again in 3 years, after the company expanded the facility’s capacity by 50 percent in 2017. The textile and chemical unit of Kolon Group is preparing preemptively to increasing demands in the high-tech industries, particularly 5G network and EV, by expanding the facility once every 3 years since 2017. It aims to consolidate its top position in the global aramid market and close gaps with leading businesses through the expansion work.
The global aramid market is growing significantly, driven by sharp rises in 5G network infrastructure demands. Characterized by high strength and tensile strength, aramid fibers are a reliable reinforcing material that supports optical cables for 5G networks. Increases in online data usage due to the spread of contactless lifestyles since the COVID19 outbreak also prompted the growth of the aramid market.
Another driver of market expansion is the rapid increase of EV supplies. Demands are rising for ultra-high performance (UHP) tires since EVs are heavier than internal combustion engine-powered vehicles but have a stronger acceleration power than the latter. Aramid tire cord demands to be applied to HUP tires are expected to skyrocket with the expansion of high-performance car markets such as EV.
Aramid fibers from the new production lines will also be applied to Kolon Industries' flagship tire cord products and are expected to create a high synergy effect between businesses. Additional production lines operate as a smart factory, equipped with digitalized and automated systems of production facilities — a sensor-based real-time process analysis system at every production stage is adopted. Moreover, big data collected on the lines are used to build know-how in production technology such as quality and production efficiency improvement.
Kolon Industries' aramid business is a key growth engine, continuously generating high profits and leading future growth. Demands for high-tech industrial materials such as 5G telecommunication infrastructure have increased significantly since 2019 and the company has obtained global competitiveness mainly in the North American market, achieving a 100 percent utilization rate and sales rate. This proves that Kolon Industries' aramid product quality has been globally recognized as top-tier.
The company began research to develop its own aramid fiber in 1979, and then released its own product under the brand name of “Heracron” in 2005 after establishing a production facility for the third time in the world. Kolon Industries has been running its aramid fiber production lines at full capacity since 2017, successfully increasing its global client base, and is recording remarkable growth even during COVID-induced industrial downturns based on its competitive edge in quality. The global aramid fiber market is projected to grow more than 6 percent annually over the next 5 years from the current 70,000 tons in terms of supply.
Aramid fiber is a type of heat-resistant and strong synthetic fiber. It is a cutting-edge fiber with high strength and tensile strength: its tensile strength is 5 times stronger than iron of the same weight and withstands repeated heating above 500 degrees Celsius. The material is used in the military as ballistic-rated body armor, protective apparel, tire reinforcements, and friction materials (brake pad).
"The decision points to the determination of Kolon Industries to increase its market dominance with aggressive investment. We will continue to generate high profits by responding quickly to increasing demands in the global aramid market in the post-COVID19 era.”, said Ey-Goo Kang, head of the Heracron business. The company is considering another mid-to long-term investment in its aramid (Heracron) business after the current expansion.
Set Out to Expand It...
Kolon Industries Sets Out to Expand Its Eco-friendly Business, Using Plastic Waste from the Military
▷ Signed an MOU with the Korean Veterans Association on plastic recycling business
▷ Securing a nationwide network for a stable plastic waste supply chain
▷ Spearheading a resource-circulating ecosystem with Kolon’s proprietary technology
Kolon Industries (CEO Hee-Goo Jang) announced on the 22nd that it has signed an MOU with the Korean Veterans Association (President and Retired Army general Jin-Ho Kim) to develop eco-friendly plastic recycling technology and business.
In a view to recycle plastic waste conventionally discarded or incinerated after being used in the military, Kolon Industries plans to gather information on the amount of plastic waste generated and collect data to assess its suitability as a raw material. Targeted items include non-combatant daily supplies and plastic waste in the military currently being incinerated and discarded, which will be supplied as a raw material for recycled PET (polyester). The company is in great anticipation of the synergy effect from the collaboration with the Korean Veterans Association that boasts 10 million members and an extensive network across the military, including a stable raw material supply chain.
The company is focusing on developing eco-friendly PET recycling technology using plastic waste, which has been put in the spotlight as an effort to achieve ESG management. With the existing heat-based recycling process, only a fraction of waste is recyclable given its limited capacity to remove impurities in the waste. However, Kolon Industries’ chemical recycling method is applicable to most types of recycled plastic products since high-purity raw materials can be extracted regardless of the type and contamination level.
Recycled PET is recognized as an eco-friendly technology since it can reduce energy consumption and CO2 emissions by 30 to 40 percent compared to the existing PET. Harnessing its proprietary plastic recycling technology, Kolon Industries is determined to gain a strong foothold in the PET market and continuously expand its eco-friendly business with a plan to start mass production from 2025.
Research director Eun-Jung Jo at Kolon Industries said, “This MOU serves as an opportunity to send plastic waste in the military into the recycling pool.”, and added, “With our proprietary recycling technology, we will take the initiative in creating a resource-circulating ecosystem by expanding collaboration with partners from home and abroad.”
Kolon Industries to ...
Kolon Industries to Start Full-scale Production of the World’s First Advanced Petroleum Resin
▷ Completed the expansion of its advanced petroleum resin production facility in Yeosu by 15,000 tons per year
▷ Aiming to venture into the high value-added market with its world’s first development of highly reactive resin (HRR) and others
▷ Ranked second in global petroleum resin production and succeeded in materials localization
Kolon Industries (CEO Hee-Goo Jang), the first in the world to develop advanced petroleum resin technology with dramatically improved adhesiveness and other properties, will now set forth to enter the global high value-added petroleum resin market.
The company announced on the 21st that it has expanded the production capacity of its petroleum resin plant in Yeosu, South Jeolla Province, by 15,000 tons to mass-produce highly reactive resin (HRR), pure monomer resin (PMR), liquid petroleum resin, and high-performance tire resin.
Consequently, it has emerged as the second largest petroleum resin producer in the world, with a total annual production capacity of 200,000 tons. Plans are in place to further boost its advanced petroleum resin production capacity gradually to 20,000 tons. On top of that, it has significantly increased its business competitiveness and successfully localized materials by establishing the latest facility with its proprietary technology.
HRR, a hybrid of Kolon Industries’ existing products and proprietary technology, is a highly reactive petroleum resin that becomes exceptionally adhesive when reacted with moisture in the air. With less bodily harmful substances compared to previous adhesives, excellent heat resistance, and durability, HRR is increasingly being applied to automobiles, construction, and industrial products.
PMR is specialized for tire manufacturing. Increased grip force in automobile tires will reduce fuel efficiency in general. However, adding PMR can improve grip force while maintaining fuel efficiency. As the automobile market is recently showing signs of recovery, along with the evident preference for high performance and fuel efficiency, PMR has caught the attention of tire-makers home and abroad.
Liquid petroleum resin products, first developed in Korea by Kolon Industries, will be released. The company is the only manufacturer in Korea and the second largest liquid petroleum resin maker. Liquid petroleum resin, specialized for tires and paints, is easier to work with compared to conventional solid petroleum resin, making the production process simpler. Profitability is projected to increase upon mass production since there is no alternative that can rival high-performance tire resin first developed by Kolon Industries, focusing on automobile grip performance improvement.
In his commemorative speech at the completion ceremony held on the 18th, Kolon Industries CEO Hee-Goo Jang said, “This expansion is an opportunity to provide customers with new values others cannot offer. Building an innovative portfolio will act as a significant milestone in solidifying the future sustainable growth potential of the petroleum resin business.”
Penetrate into the G...
Kolon Industries to Penetrate into the Global Hydrogen Mobility Market with Core Materials for Hydrogen Vehicles
▷ New humidity controller applied to Hyundai Motors’ next generation hydrogen fuel cell system
▷ Planned to be built into diverse hydrogen vehicles including Nexo 2023
▷ Accelerating core materials and parts businesses such as membrane and MEA (Membrane Electrode Assembly)
With humidity controllers developed by Kolon Industries (CEO Hee-Goo Jang) applied to next generation hydrogen fuel cells, the Korean chemical and textile manufacturer is rapidly making inroads into the global hydrogen mobility market. The company announced on the 16th that it has signed a contract with Hyundai Motors, a global leader of FCEV (Fuel Cell Electric Vehicle), to supply humidity controllers with upgraded performance.
The contract is the largest one made since Kolon Industries completed the establishment of a mass-production line. The company has been improving the performance of humidity controllers, a core material of hydrogen fuel cells, and building a mass-production system in response to the burgeoning FCEV market.
It seeks to expand its global supply chain by leveraging the current contract with Hyundai Motors as an opportunity to take its materials and parts technology and capability to yet another level. Preparation for surging demands and market growth is underway by considering investments to ramp up facilities, supported by global partnerships.
As a core material of FCEV, humidity controller maintains humidity inside vehicles to facilitate electricity generation. Kolon Industries stands tall as a No.1 humidity controller manufacturer, leading the global market with an integrated production system that covers all processes from membrane production to module assembly. The controllers can not only control the water and temperature of stacks but also reduce the hydrogen concentration of exhaust gas. Better yet, they are applied to fuel cells for vehicles and buildings given their smaller size and high performance.
Ey-Goo Kang, head of the fuel cell business at Kolon Industries said, “Hydrogen economy is not a far-fetched future but a near future moving closer to us. Materials and parts business, our core capability, will contribute to technological development and business expansion of the hydrogen fuel cell industry.”
Kolon Industries is speeding up its business related to hydrogen fuel cell core materials and parts such as membrane (PEM and MEA), along with humidity controllers, to strengthen its position in the global market. Markets for membrane and MEA, which account for approximately 40 percent of stack production cost, are valued at 1 trillion won and 3 trillion won as of 2025, respectively.
Kolon Industries Mak...
Kolon Industries Makes Eco-friendly Adhesive Resins Out of Wood Byproducts
▷ Completed patent application, with production and sales expected in the second half of this year
▷ Hailed as a future eco-friendly raw material given its capacity to replace existing toxic materials and reduce CO2 emitted while using petrochemical materials
▷ Secured new eco-friendly material technology along with biodegradable PBAT and recyclable PCR PET films, ramping up efforts to expand its business in eco-friendly materials
Kolon Industries (CEO Hee-Goo Jang) has applied for a patent on a lignin-based eco-friendly adhesive resin extracted from wood byproducts. Being the first of its kind in Korea, the company is stepping up its efforts in the eco-friendly material business.
The chemical and fashion unit of Korea’s Kolon Group has been devoted to developing and commercializing eco-friendly products such as PBAT, eco-friendly biodegradable plastics, and PCR PET films that use recycled plastics. The lignin-based resin has become another addition to the list of eco-friendly materials developed by Kolon Industries.
Lignin is a polymer extracted from the byproducts created during the pulp-making process from wood. At present, lignin is being used as a compound to enhance the performance of concrete but not for industrial production: in most cases, it is burned and disposed of as fuel during the manufacturing process. Compared to a petrochemical raw material, lignin has the effect of reducing the generation of carbon dioxide during the production process and has great growth potential as an eco-friendly raw material that can replace toxic materials.
Kolon Industries developed the lignin resin and applied for a patent after being successful in a two- year-long experimentation on biomass, a substitute for existing petrochemical raw materials. Lignin is not easily mixed with other materials despite its adhesive property, making chemical bonding challenging. Nonetheless, Kolon Industries succeeded in developing the adhesive resin by applying its existing know-how in phenol resins production. The company plans to produce lignin resins by using existing resin facilities at its No. 2 plant in the southeastern city of Gimcheon and aims to launch sales of lignin resins from the second half of this year.
High expectations are there for Lignins’ further application in different types of industrial adhesive materials, given its advantage of improving petroleum-based resins’ adhesiveness and heat resistance. It also boasts high cost-competitiveness as it uses otherwise-discarded raw materials.
Sang-Min Lee, managing director of the lignin resin business at Kolon Industries, said, “We are planning to expand the adoption of biomass-based raw materials in line with the recent trend of ESG management.”, adding, “We will make sure to lead the market with products that boast better properties such as mechanical strength, by using the structural characteristics of lignin, a substitute for existing petroleum-based raw materials.”
Expand the Eco-frien...
Kolon Industries to Expand the Eco-friendly Materials Market with the First-ever PCR PET Film in Korea
▷ Succeeded in the commercialization of eco-friendly plastic films, developed in collaboration with LG H&H and Lotte Aluminum
▷ Venturing into new markets by expanding the application of PCR PET materials
▷ Planning to apply PCR PET films to packaging materials of household goods, food containers, and industrial products
Kolon Industries (CEO Hee-Goo Jang) has set out to explore new markets for eco-friendly materials after developing a recycled plastic film for the first time in Korea. The company announced on the 26th that it has decided to supply polyester (PCR PET) film made from post-consumer recycled (PCR) raw materials to LG H&H and Lotte Aluminum. The film will be used as a packaging material for household items and food containers that will be released by both companies this month.
Kolon Industries, LG H&H, and Lotte Aluminum had been collaborating since the second half of last year to develop packaging materials using recycled PET and have successfully developed the nation’s first PCR PET film. PCR PET raw materials had seen limited use, only being applied to the production of extruded sheets or recycled yarn. This is the first time they have been utilized to produce films since the production requires sophisticated quality control and shape processing: physical properties must be maintained without any impurities.
Building on this opportunity, the Korean chemical and textile company is seeking to lead a new trend in the eco-friendly packaging market, as it gradually expands application areas of PCR PET films to household goods, food packaging, and industrial products. In particular, the company will be able to respond effectively to global environmental regulations such as Europe’s mandate to recycle more than 50 percent of plastic packaging by 2025.
PCR PET films account for less than 1 percent of the total market demand for PET films, which exceeds 6,000,000 tons per year. However, with the worldwide move to reduce plastic consumption, PCR PET films are brought into the spotlight as an eco-friendly material, mainly in certain areas with low technical barriers such as product packaging.
“We are delighted that the development of new recycled plastic products allows us to contribute to resolving environmental pollution issues.”, said Kolon Industries CEO Hee-Goo Jang. “As the new pillar of Kolon Industries’ ESG management, our recycled PET business will branch out and be applied to wider areas, paving the way towards a sustainable future.”
○ Kolon Industries has been experimenting in various ways with recycled materials, as well as the newly developed PCR PET films, applying them to its products with the aim of fostering eco-friendly materials into a new business. With Spunbond (long-fiber, non-woven fabric), made from recycled water bottles and certified as GRS (Global Recycled Standard) last January, products made from recycled materials will account for over 20 percent of Kolon Industries’ total sales. Kolon’s premium RCS-certified (Recycled Claim Standard) artificial leather brand, Chamude, will start selling products such as car interior leather from the second half of this year.
Kolon Industries to Partner with Hyundai Motors on Internal Corporate Venturing
▷ Signed an MOU with Hyundai Motors to foster and make a business out of internal corporate venturing
▷ Kolon Industries’ “Palzak” and Hyundai Motors’ “RollerMarket” will develop a location-based service as their first collaboration
▷ Striving to secure a future growth engine including internal corporate venturing
“Let us all try to ensure that our internal corporate venturing program goes beyond simple success to creating an environment where creative employees are eager to take on new challenges, generating future values for the company.”
This is a message delivered by CEO Hee-Goo Jang when Kolon Industries began to gather ideas about its internal corporate venturing program dubbed “K-Ventures” in 2019. The program is now taking a first step forward in collaboration with Hyundai Motors to create a future growth engine driven by fresh and creative ideas.
Kolon Industries (CEO Hee-Goo Jang) and Hyundai Motors (CEO Jae-Hoon Chang) signed an MOU to work together on running an in-house corporate venture program on the 11th. They agreed to establish a mechanism for mutually beneficial collaboration on internal corporate venturing and to work side by side when △ running an in-house venture program and making a business out of the program, △ developing and operating services amongst in-house venturing teams, and △ expanding services and exploring commercialization opportunities for corporate venturing teams.
As the first example, Kolon Industries’ “Palzak” and Hyundai Motors’ “RollerMarket” will hold a business partnership on a location-based service. The business model developed by “Palzak” is centered around an audio coaching mobile application that plays a pacemaker role and provides training content in audio for those who go for a run. Hyundai Motors’ “RollerMarket” built an on-demand service model upon a Purpose-Built Vehicle (PBV) commerce platform, which provides autonomous driving mobility to users who want to move in areas with weak transportation infrastructure. The two are planning to develop interrelated business models on location-based services.
Jeong-Sok Roh, director of “K-Ventures” at Kolon Industries, said, “The MOU will be used as a basis to provide new experience and convenience to customers by building a solid foundation to collaborate with Hyundai Motors’ venture companies in a wide range of business areas.”
The Korean chemical and textile company is currently running an in-house venture fund worth 10 billion won to foster internal ventures. It allows those who raised ideas to focus on their new business with ownership and expertise by providing them with high incentives and shares of a new start-up once the idea is selected as a creative business item. “Palzak,” the first team to be chosen, will launch a beta version in the first half of 2021, entering a full-scale commercialization phase.
The company is making bold investments in external venture companies as well. Kolon Industries invested 3 billion won in G2touch, a hidden champion that developed touch IC and supplies touch ICs for laptops, through PEF in March. G2touch is supplying products to touch LCDs provided to global IT device manufacturers including Dell, HP, and Lenovo through BOE, the world’s largest display company. In addition, Kolon Industries has been participating in the “Weconomy Startup Challenge,” a program to discover promising startups with innovative technologies and establish a business model for new ideas, hosted by Seoul Business Agency (SBA) since last year. By supporting joint research and commercialization of startups with promising technologies, the company explores more opportunities to create a future growth engine and grow in tandem with startups.
*PBV: Self-driving ground mobility transformed into different shapes and functions according to its purpose. For instance, it can be used to provide customized services for passengers on the move, for short-distance freight shipping, and as public transportation. The idea of PBC is to add various frames that provide services on demand, such as relaxing, logistics, and commercial. PBC is deemed an area of high growth potential once autonomous driving technologies are added.