{"pageCommonVO":{"currentPage":1,"totalRecord":0,"totalPage":0,"pageSize":10,"blockStaNum":1,"blockEndNum":1,"param":null,"list":null,"paging":true},"nextData":{"bSimpContent":"Kukdo promotes ESG management by joining the UN Global Compact.","bSite":"en","bDate":"2023-09-11","bContent":"

 

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On September 10, 2023, Kukdo Chemical joined the UN Global Compact (UN GC), the world's largest global initiative under the United Nations.


The UN GC encompasses the 10 core principles organized into four sectors, which include human rights, labor, environment, and anti-corruption. These principles aim to guide corporate social responsibility efforts, encouraging companies to integrate them into their operations and management strategies, thereby contributing sustainability and corporate awareness improvement. This voluntary agreement includes participation from more than 17,000 companies and organizations (approximately 340 in Korea) representing over 160 countries worldwide. 


Furthermore, Kukdo Chemical, actively promoting ESG (Environment, Social, and Governance) management to uphold corporate sustainability and social responsibility, intends to bolster its global business competitiveness by joining the UN GC. 


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Kukdo Chemical, which is rapidly emerging as a global leader in chemical materials, surpassing its position as the world’s top epoxy company, recently has taken a significant step towards sustainable growth by obtaining ISO 37301 (Compliance Management System) certification.


ISO 37301 is an internationally recognized certification for compliance management standards. It is awarded after a thorough evaluation of a company’s compliance policies and risk response systems to ensure they meet global standards and effectively address compliance risks associated with company management.


This certification holds immense significance as it validates that Kukdo Chemical’s management system, which has been in operation since its establishment in 1972 based on seven management philosophies such as “social responsibility” and legitimacy and justice,” meet world-class standards through an objective assessment.


Kukdo Chemical remains committed to preventing, mitigating, and rectifying compliance risks within the company. We will utilize this certification as the foundation for transparent management that respects and conducts business ethically with various stakeholders, including the country, society, and customers.


Kukdo Chemical pledges to continue growing as a dependable global representative company from Korea, going beyond its initial mission of providing diverse materials essential to modern society.


 

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Kukdo Records Historical High Quarterly Revenue and Operating Profit

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Q1 2021\nBusiness Performance Announcement

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■ Q1 Business\nPerformance

\n- Revenue: KRW 310.5 billion (10.3% increase YoY)
\n- Operating profit: KRW 26 billion (166.3% increase YoY)

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■ Q1 Review

- The global epoxy resin market was recovering following economic recovery from the increase in demand for construction industry which had been stagnant from the COVID-19 pandemic. Also, profits improved as prices getting increased from shutdown of competitors' production facilities.

- Performance improved by increasing the sales of high value-added products such as eco-friendly products.


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■ Key information


The heavy snowfall and record breaking cold weather in Texas early this year caused global epoxy companies Olin and Hexion to shutdown and declare force majeure, resulting in supply imbalance and sharp rise in the price of epoxy resins. 


Although, kukdo was faced with difficult situation to secure raw materials due to shortage of BPA. Kukdo strived to maintain stable supply and sustain competitive price by reserving raw materials for production. In addition, kukdo increased sales of high value added products such as environmental friendly products. This resulted in the highest quarterly performance in the history of kukdo. 


In addition, not only the epoxy plant in India, capacity of 40,000 tons/year runs operations, but also the polyol plant in Ningbo, China, is under construction which will be completed and start commercial operations in the second half of the year 2021. This overseas expansion of business in India and China, as well as the additional construction of epoxy plant in Korea, are further expected to enhance our competitive advantage. 

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