KUMHO P&B CHEMICALS

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KUMHO P&B CHEMICALS

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KUMHO P&B CHEMICALS

Kumho P&B, better known by its acronym, KPB, specializes in the manufacturing and distribution of phenols, acetones, MIBK, BPA, and epoxy resins, which are basic chemicals required in diverse industrial fields such as electric and electronic production, pharmaceuticals, and paints. The company is an offshore joint venture created by the joint investment of Kumho Petrochemical of Korea and Nippon Steel Chemical Company of Japan.

Having launched the business of manufacturing phenols and acetones in 1976, KPB went on to expand its phenol and acetone factory in 1990 with its new technology that it imported from UOP of the United States. With this technology imported from the Shell Group of the Netherlands, the company also launched its factory for BPA, MIBK, and epoxy resin production the following year. In response to the rapidly growing demand worldwide, KPB teamed up with Idemitsu Chemicals of Japan to launch a new and bigger BPA factory in BPA. In 2005, KPB again worked with UOP to launch its new global factory specializing in the manufacturing of cumene, phenols, and acetones.

KPB has successfully localized the production of a wide range of petrochemicals that are needed for Korean industries. By supplying its quality goods in a reliable manner, the company has helped Korea improve its trade balance and exports, thus making major contributions to the continued advancement of the Korean petrochemical industry.

Based on its partnerships with leading chemical producers worldwide, KPB continues to adopt new and evolving technologies and expand its global network of production and distribution, and is now emerging as a new leader of the global chemical market.

The company strives to minimize the cost and maximize quality through continued automation and innovation of quality control. Its well-organized management information systems enable the company to streamline and rationalize management processes, and devote its energy to ensuring industrial safety, ecological integrity, and human resources development.

Through these and other efforts for continued innovation, KPB will continue to enrich the future and lives of humankind.

Company Profile

(as of 2015)

  • 839

    Sales Revenue
    (KRW billion)

  • 143.7

    Capital
    (KRW billion)

  • 2.65

    Production Capacity
    (million tons)

  • 291

    Number of Employees

기업정보 테이블
Company name Kumho P&B Chemicals., Inc Area of business Manufacturing of petrochemical-based basic compounds
CEO Dong-joon Moon Date established December 10, 1976
Web site www.kpb.co.kr Locations
Seoul Office :
8F, Signature Towers (East Wing),
100 Cheonggyecheon-ro, Jung-gu, Seoul
Plant 1 :
218 Yeosusandan 2-ro, Yeosu-si, Jeollanam-do
Plant 2 :
46-53 Yeosusandan 2-ro, Yeosu-si, Jeollanam-do

AEO (Authorized Economic Operator)

An authorized economic operator (AEO) is a “party involved in the international movement of goods in whatever function that has been approved by or on behalf of a national customs administration as complying with the World Customs Organization (WCO) or equivalent supply chain security standards.” Authorized Economic Operators include companies and parties concerned that are related to logistics such as importers, exporters, transporters, transportation brokers, warehouses operators, and customer brokers. The AEO concept was established by the WCO and the international community to ensure the security and smooth movement of goods in response to the U.S. trade security measures, which were reinforced after the September 11 attacks.

The introduction of the AEO program enables customs administrations to reject existing practices that had granted selective benefits of customs clearance procedures, which are based on fragmentary standards by the distributor and instead, evaluate the sincerity all distributors based on integrated standards. Consequently, once recognized as excellent, the company can enjoy comprehensive benefits in customs processes, which range from customs clearance for import and export to tax payment.

Three Features of the Korea AEO System

  • 1. The integrated operation of the Business Evaluation System and the Security0 Management System can avoid the overlapping evaluation of a company.
  • 2. The internal control system of a company is autonomously strengthened to increase the degree of law compliance.
  • 3. The ASC concept is more specified. The Korean AEO system is focused on giving benefits by connecting overseas export networks with domestic import networks. Once an AEO status is given to all relevant companies, such as overseas producers and transporters (exporters), international transportation brokers, domestic cargo handlers, warehouse operators, customs brokers, and importers, they can receive unprecedented benefits.
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Responsible Care

Responsible Care (RC) is a global initiative with regard to the environment, safety and health, where most of the developed countries and multinational companies are involved. This is the most comprehensive and long-term program practiced by the chemical industry. RC is a concept that even covers the local residents’ safety and the employees’ health by complementing the existing ISO 1400 (Environment Management), which was mainly engaged in the environment. It is also a voluntary management movement where companies participate with responsibility, which is different from existing regulations-centered environmental policies.

Even though the chemical industry has played a pivotal role in all the industries, it has been recognized as a culprit in the current negative issues because of the emphasis on the risks of chemicals. In this context, the purpose of this initiative is for chemical companies to have more endeavors to ameliorate environmental safety, thus simultaneously recovering its reliability and improving its image.

After adopting RC in 1992, Korea established the Korea Responsible Care Council (www.krcc.or.kr) in December 1999 and became a member of the Responsible Care Leadership Group in September 2000. Factory 1 of Kumho P&B Chemicals has also been actively engaged in the RC initiative after signing a voluntary agreement.

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Germanischer Lloyd (now DNV GL) is a global certificate authority, as well as a leading technical advisor in the fields of maritime, oil and gas, and energy industries.

Our company has first acquired GL Certificates, KER-9100, 9200, 9500, and 9900 (Adhesives), for four products among epoxy resin products, which are used as composite for wind farm blades, automobiles, ships, and more.

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