Home / Knowledge / News / Textiles / Samsung Total's petrochemical 'Global Project' on the way
Samsung Total's petrochemical 'Global Project' on the way
23
Sep '08
Since the beginning of Samsung total's 'Global Project' and its operation, it is one step more close to the goal achieving 1 trillion KRW in sales profit.

According to Samsung Total, 'Global Project' is a new development strategy that rearranged the complex operations throughout the past 2 years with 55 million in investment to secure the company's competence in efficiency and scale.

Through this global project, Samsung total carried out large scale expansions of naphtha decomposition plant and styrene monomer•polypropylene(SM•PP) plant.

In case of ethylene, it has been expanded from 630,000 tons to 850,000 tons, for propylene; 320,000 tons to 550,000 tons, Styrene monomer(SM); 670,000 tons to 870,000 tons, polypropylene; 270,000 tons to 580,000 tons and increased the annual productivity for other major products.

An employee says, “For petrochemical products in global trading markets, securing appropriate level of production is important to secure the original cost competitiveness”, and continued. “The compatibility of scale is become a ground to lead the market.”

He explained the expansion background. Another reason is the preparation for the worst economic expectations worldwide at the end of this year on account of newly expanded products and influx from Middle East and China.

Through, energy efficient and next generation technology, it has significantly fortified both cost and product compatibility of its market.

With the SM plant expansion, for the first time in the world, the company used wasted heat instead of using steam called, 'Multi-Effect System' that brought almost KRW 7 million in additional energy efficiency annually.

One Samsung total employee says, “Through continuous working improvement and complementary investment in the future, we will raise up our sales compatibility for key products and for the respective systems and we will grow into a global petrochemical company as we try to achieve KRW 1 trillion in profits."

Samsung Total Petrochemicals


Must ReadView All

UK publishes temporary tariff regime for no-deal Brexit

Apparel/Garments | On 19th Mar 2019

UK publishes temporary tariff regime for no-deal Brexit

The United Kingdom will avoid imposing tariffs on most imported goods ...

Pic: UN Environment

Apparel/Garments | On 19th Mar 2019

UN Alliance for Sustainable Fashion addresses fast fashion

The UN Alliance for Sustainable Fashion, launched recently at the UN...

Cotton arrival at Pak ginneries down 6.84% as on March 15

Textiles | On 19th Mar 2019

Cotton arrival at Pak ginneries down 6.84% as on March 15

Over 10.762 million bales of cotton have arrived in 2018-19 season at ...

Interviews View All

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2019

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

news category


Related Categories:

Advanced Search