;
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

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Work on Quaid-e-Azam Apparel Park in Pak to be accelerated

Apparel/Garments | On 23rd Jan 2019

Work on Quaid-e-Azam Apparel Park in Pak to be accelerated

A recent meeting of the Punjab Board of Investment and Trade presided ...

Retail break-up across top 7 Indian cities; Courtesy: Anarock Retail

Apparel/Garments | On 23rd Jan 2019

Indian retail is coming of age: Anarock Retail

From a mere 9 per cent share in 2017, the organised retail market in...

Interviews View All

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

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

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


January 2019

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

news category


Related Categories:

Advanced Search