Case Study: Honam Petrochemical Company (HPC)
Summary
Honam Petrochemical Company (HPC) is a multi-billion dollar diversified producer of petrochemicals and advanced synthetic resin. They are manufacture of a variety of petrochemical products from two facilities in South Korea. Their main primary product is ethylene. Honam is rank among leading producers of polyolefin, High-density polyethylene "(HDPE)" and polypropylene. They also work with other downstream products like ethylene glycol.
Honam was established in 1976. It is a part of the Japanese conglomerates latte 's Koran Network. Honam also acquired Malaysia 's Titan Chemicals for $1.27 billion dollars in 2010. Their main headquarters is located in Soul South Korea. Honam is one of the largest industrial conglomerates in Korea. It has operations throughout Asia. In 2012, Honam merged with KP chemical. It was forced to close the plant in U.K plant due to falling prices and increased completion for lower-cost producers. Honam is still expanding abroad even it had one plant closed down. HPC’s is achieving sales of $ 10 Billion in the US.
Honam is “planning on being the top-tier chemical company throughout Asia.
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