Home / Knowledge / News / Textiles / Korea's Kumho Petrochemical gears up to tap Turkish market
Korea's Kumho Petrochemical gears up to tap Turkish market
Apr '13
Eyeing a 130 percent year-on-year rise in its exports to Turkish market following a free trade agreement (FTA) between South Korea and Turkey, Seoul-based Kumho Petrochemical Co. Ltd. has beefed up its marketing efforts in Turkey, according to a Korea Economic Daily report.
Last year, the firm exported around 100 billion won worth of petrochemicals to Turkey, which constituted around 3.3 percent of its total overseas exports.
The FTA, which is to come into effect from May 1, would lead to abolishment of the 6.5 percent import duty that Korean petrochemical firms currently pay on their exports to Turkey.
Following this, Kumho Petrochemical, which exports synthetic resins like ABS (acrylonitrile-butadiene-styrene) resin, polysterene, polypropylene glycol and expanded polystyrene to Turkey, is eyeing a mega surge in its exports to that country.
In an effort to develop new business links, Kumho Petrochemical chairman Park Chan-gu paid a visit to number of firms in Turkey during April 2013.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search