SKC, Development of Nano-Layer Film (2006-09)
After one year of research, SKC (CEO: Park Jang Suk) announced the successful development of a new color film called Fancylite, which takes advantage of nanotechnology. Hundreds of resin layers, which are a nanometer-thick, are used to make Fancylite film. The color characteristics of the film change according to the refractive properties of each resin layer, and the number and thickness of the layers. Depending on the background, viewing position, and light source, the color will change in appearance. Like the shimmering rainbow colors of a soap bubble, the film will have a cascade of colors.
In the past, dyes and pigments were injected into the color films or a special color coating was applied to the film’s surface, but Fancylite is able to produce different colors due to the inherent properties and structure of the film itself thus, there no discoloration will occur unlike dyes and pigments. By harnessing the nano-layer technology that is incorporated in Fancylite film, SKC is planning to meld the same technology to window films, safety films, LCD films, and other new materials. The market for these different products is estimated to grow into a 1 trillion-won market.
SKC completes construction of capacitor polyester film plant with Chinese partner (2006-12)
On December 8, 2006, the construction of the PET film plant built by Anhui Tongae Electronics Materials, a joint venture between SKC (CEO Park Jang Seok) and the Tongfeng Electronics Company, a top Chinese producer of Oriented Polypropylene (OPP), was completed in Anhui Province, China. The plant is currently operating at full capacity. (* PET film: polyester film)
SKC is the first South Korean company to build a film plant in a joint venture with a Chinese partner. This new plant will boost SKC’s presence in China and allow the company to tap the vast growth potential of the Chinese market. With an agreement to transfer technology, SKC received a 25% share (capital investment of $31,250,000) of the jointly-owned company. It is a bold entry into the Chinese market.
With its Suwon plant in Korea, Georgia plant in the U.S. and a new jointly-owned plant in China, SKC has achieved its goal of building a global manufacturing base for its PET film business. SKC has risen into a global film manufacturer that can compete with leading global companies in terms of quality and marketing prowess. In China, SKC will expand beyond its capacitor PET films to also produce optical films, and PET films for special packaging in China. Through continuous expansion, SKC aims to make its Chinese joint venture into the top PET film producer in China.
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