COLUMBIA, Md.--(BUSINESS WIRE)--W. R. Grace & Co. (NYSE: GRA) announces that it will provide its UNIPOL® polypropylene (PP) technology and services to Hyosung Corporation of Seoul, Korea for its new facility in Ulsan, which is expected to open in 2017.
Hyosung is a Korean industrial conglomerate operating in various industries, including machinery, IT, construction, and textiles. Its Ulsan facility is expected to produce polypropylene at a rate of 200 kta, or kilotons per year. This is the second UNIPOL® PP license for Hyosung.
Al Beninati, President of Grace Catalysts Technologies, said, “We’re pleased that Hyosung has experienced such success with its first license that its leaders have decided to contract with us again for their new plant in Ulsan. Our reliable technology can be implemented with low investment and operating cost, is easy to operate, and produces state-of-the-art PP products. But what truly helped us earn additional business from Hyosung was our commitment to customer service.”
Young-Gyo Choi, Hyosung’s Division President, said, “We are delighted to partner again with Grace, the world’s leading independent PP technology licensor and catalyst producer. Their UNIPOL® PP process technology offers us the most advanced PP product capability available. We are already producing market-leading PP products in our existing UNIPOL® PP technology line, and with this new line, we are planning to produce even more advanced PP products.”
About Grace’s UNIPOL® PP Technology
Grace is a leading supplier of polyolefin catalyst technology and has the broadest portfolio of polyolefin catalyst technologies of any independent polyethylene/polypropylene catalyst producer. Grace’s industry-leading UNIPOL® PP licensing and related catalysts include the UNIPOL UNIPPAC® Process Control software, SHAC® Catalysts Systems, and 6th Generation non-phthalate CONSISTA® Catalysts Systems.
Built on talent, technology, and trust, Grace is a leading global supplier of catalysts; engineered and packaging materials; and specialty construction chemicals and building materials. The company’s three industry-leading business segments—Grace Catalysts Technologies, Grace Materials Technologies, and Grace Construction Products—provide innovative products, technologies, and services that improve the products and processes of customer partners in over 155 countries around the world. Grace’s 2014 net sales were $3.2 billion. More information about Grace is available at grace.com.
UNIPOL® and UNIPOL UNIPPAC® are trademarks of The Dow Chemical Company or an affiliated company of Dow. W. R. Grace & Co.-Conn. and/or its affiliates are licensed to use the UNIPOL® and UNIPOL UNIPPAC® trademarks in the area of polypropylene.
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