Samyang Corpotation

Samyang Corp. News

• 

  Samyang Corporation Develops Korea's first eco-friendly polycarbonate with 90% recycled plastic content - Produced eco-friendly polycarbonate using more than 90% recycled waste plastics - Maintains the advantages of general PC while meeting the highest grade of UL eco-friendly certification and acquiring flame resistance qualifications. - Application to small home appliances like laptops, and multiple plastic resins to continuously expand the scope of application   ▲ PCR PC containing 90% recycled plastic developed by Samyang Corporation   SEOUL, South Korea, Jan. 11, 2023 /PRNewswire/ -- Samyang Corporation has developed eco-friendly materials using recycled plastic resources, demonstrating a commitment to ESG management.   PCR PC containing 90% recycled plastic developed by Samyang Corporation Samyang Corporation (CEO Hosung Kang), a chemical and food affiliate of the Samyang Group, announced on 11 that it developed Korea's first eco-friendly PC containing more than 90% of Post-Consumer Recycled Polycarbonate (PCR PC). PC is an engineering plastic that is transparent and resistant to impact and heat, so it is mainly used as interior and exterior materials for automobiles, home appliances, soundproof walls and parts for medical devices.   PCR PC is made through a compounding process in which a certain ratio of recycled PC is mixed with new PC raw material, and this requires a high level of technology and expertise. When manufacturing PC, flame retardants, reinforcing agents, dyes, etc. are added to enhance the performance of the polymer and improve their aesthetic effects. However, such additives cause deformation during the melting process at a high temperature, weakening the physical properties of PC. For this reason, PCR PCs developed by other domestic companies contain maximum of 85% of recycled PC material, and most PCR PCs sold on the market contain 30 to 50% of recycled PC material.   Within two years, Samyang Corporation succeeded in developing a PCR PC that contains more than 90% of recycled PC material while retaining the inherent physical properties of PC, such as heat resistance, transparency, and impact resistance. This is the result of years of efforts and expertise in redesigning and optimizing the ratio of recycled material and additives during the compounding process. Securing suppliers of quality recycled PC material that closely monitor the degree of contamination and foreign substances was also effective.   PCR PC is considered environmentally friendly as it reduces plastic waste. It also has an effect of reducing carbon emissions from lowered energy consumption. Samyang Corporation explained that the newly developed PCR PC has the effect of reducing carbon dioxide emissions by about 6,200 tons based on production of 1,000 tons compared to general PC. This is an equivalent amount of carbon dioxide emitted by 3,200 cars per year.   Recognized for its eco-friendliness, Samyang Corporation acquired the ECV certification (Environmental Claims Validations) from UL (Underwriters Laboratories), a United States safety standard development and certification science establishment. ECV is an environmental mark given by measuring the degree of eco-friendliness of a product, such as the ratio of reused and recycled materials. In addition, Samyang Corporation met the V-0 standard, the highest grade in the UL 94 vertical combustion evaluation. UL 94 is a measure of flame resistance of a polymer developed by UL, and the V-0 rating is only given to those that self-extinguish within 10 seconds when lit vertically.   Samyang Corporation plans to first apply PCR PC to small electrical home appliances such as laptops, then expand its application extensively in various areas in the future, namely electronics and decorative gadgets. Meanwhile, the company plans to continue expanding the scope of application by applying PCR PC to various plastic resins such as ABS and PBT.   "There are only a few places in the world that produce PCR PC products that contain more than 90% of recycled plastic materials while retaining the physical properties of conventional PC. We will continue to expand our high-quality, eco-friendly product portfolio to meet global market's demand and contribute towards the group's ESG competitiveness", said Hosung Kang, the CEO of Samyang Corporation.   In the meantime, Samyang Group established its mid- to long-term strategy last year called 'Vision 2025', which pursues the growth of eco-friendly and specialty business. Since last July, Samyang Corporation has been producing and selling resins and compounded products of a newly developed eco-friendly, transparent and flame-resistant PC that does not use flame retardants. Also, in last August, Samyang Corporation signed a contract to supply plastic pellets made from recycled fishing nets, further expanding its eco-friendly business portfolio.   For the first time in Korea, Samyang Innochem Corporation built a manufacturing facility last November at its Gunsan plant that is capable of producing 15,000 tons per year of Isosorbide, an eco-friendly biomass material, commencing its eco-friendly plastic business in earnest. In the packaging sector, Samyang Corporation is expanding the waste plastic recycling business by investing about 43 billion KRW (approximately $ 33.5 million USD) in the Sihwa plant to produce recycled PET chips at a production capacity of 21,000 tons.   Details

• 

  Samyang Corporation Joins the US Food Ingredients Fair, “Spurring” to Promote Specialty Materials - Showcased a booth for the SupplySide West 2022 during the Food Ingredients North America, Las Vegas - Introduced specialty ingredients such as “allulose”, a next-generation sweetener, and “indigestible maltodextrin”, a dietary fiber - This is the company's second time this year to participate in a food-related fair in US; to take this as an opportunity to expand sales network abroad   ▲ Samyang Corporation's specialty material booth during the “SupplySide West 2022” held in Mandalay Bay, Las Vegas, US from Nov. 2nd–3rd.   Samyang Corporation is actively targeting the US food ingredients market with high value-added specialty (high-functional) materials.   Samyang Corporation (President Choi Nak-hyun), a food and chemical affiliate of the Samyang Group, announced that it operated a specialty material booth during the “SupplySide West 2022”, a food ingredient fair held in Las Vegas, US, from Nov. 2nd–3rd.   Following the International Food Technology Fair held in Chicago last July, Samyang Corporation joined another fair this year to actively promote the company's specialty materials to US food material distributors and explore opportunities to expand its local sales outlets.   At the fair, Samyang Corporation showcased "allulose", the core product of its sugar-reducing material business. Allulose is a low calorie-sugar that exists naturally in fruits like figs and grapes. Because it offers a sweetness comparable to sugar, yet is nearly calorie-free, it is often called the most optimal next-generation sweetener.   Following Samyang Corporation's success in mass producing liquid-type allulose in 2016 using its self-developed enzyme, it recently built a dedicated plant for specialty products in Ulsan, Korea to manufacture crystalline allulose. Last year, the company unveiled the allulose brand "Nexweet", which combines "next" and "sweet" to represent "a healthy sweetener leading the next generation" with a focus on the global market.   Samyang Corporation carried out active promotional activities for not only allulose but also indigestible maltodextrin, a material that can provide functionality in general foods Indigestible maltodextrin, a water-soluble dietary fiber, is a functional ingredient that can aid in facilitating bowel movements, controlling blood sugar spikes after meals, and improving triglycerides in the blood. It can be used in beverages, confectioneries, baked goods, and many more. To date, Samyang Corporation produces powder and liquid-type indigestible maltodextrin under the brand name "Fiberest".   It also revealed "kestose", a class of sugars that belongs to a group of fructooligosaccharides. It is primarily used as an ingredient for functional health foods. Samyang Corporation is undergoing a human trial to have kestose approved as a functional health food ingredient.   Samyang Corporation unveiled ingredient samples and products to which actual materials were applied, such as beverages, protein bars, dairy products, sauces, and jams, according to each category, and displayed them along with tasting samples.   "We held consultations with local food suppliers and promoted Samyang's specialty materials at the fair, which accommodated nearly 17,000 people," said Managing Director Yang Cheol-ho, head of Samyang Foods' Specialty Business PU. "We will actively participate in the overseas food ingredient expos and accelerate our entry into the global market afterward," he added.       Details

• About Samyang Corp.Samyang pursues the vision of producing “Ingredients that Add Value to Life” and endeavors to create a new future and a new Samyang.
• Corporate Social Responsibility ActivitiesOver its long history, Samyang Group has conducted diverse corporate social responsibility activities such as helping our neighbors, protecting the environment, contributing to the development of communities...
• IR InformationThis is financial information on Samyang Corp.

chemical

• Engineering Plastics Engineering Plastics more Engineering plastics are used as sophisticated materials for automotive, electrical/electronic, and machine parts.
• Ion Exchange Resins Ion Exchange Resins Detail Samyang Corp. is the only domestic maker and seller of ion exchange resins.
• EMS EMS more EMS provides the sevrvice related to the development of materials for displays, semiconductors, and IT

foodstuff