DL Chemical Completes Expansion of Subsidiary's Synthetic Rubber Plant in Brazil

[Asia Economy Reporter Choi Dae-yeol] DL Chemical announced on the 11th that it has completed the expansion of its subsidiary Cariflex's synthetic rubber plant in Brazil and started increasing production from this month.

The company previously invested 54 billion KRW to expand the facilities, completed the work in May, and conducted test operations. The company stated that it is supplying the increased production volume to its customers starting this month. Cariflex, acquired by DL Chemical in March last year from Clayton in the United States for 620 billion KRW, manufactures synthetic rubber and latex. The production plant is located in Brazil.

The products made here have no risk of causing allergies and contain fewer impurities, making them widely used as high value-added medical material components such as surgical gloves and syringe stoppers. Currently, the company's products hold a 60% market share in the global synthetic rubber raw material market for surgical gloves.

Kim Sang-woo, CEO of DL Chemical, said, "We are now able to proactively respond to the increasing demand for high-quality synthetic rubber," adding, "We will invest in high-growth, high-profit material businesses and leap forward as a global top 20 petrochemical company."

DL Chemical stated, "We will continue to invest in high-growth, high-profit material businesses to become a global top 20 petrochemical company."

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