History
Growth and Takeoff
Since its establishment, KPIC has ceaselessly grown and developed for twenty years. Beginning from the construction of two plants in the early 1970s, KPIC has continued to build new plants and to expand the existing ones. The seventh plant was completed in 1989. KPIC boasts of the largest productive capacity in Korea in this sector with an annual productive capacity of 350 thousand tons of PP and 270 thousand tons of HDPE. KPIC has thus greatly contributed to a balanced development of petrochemical industry in Korea and export of petrochemicals. During this period of growth and takeoff, KPIC was engaged in various industrial and management activities. Research and development center for catalyst was established in this period. Our efforts were honored by a presidential citation for the improvement of workers’ welfare, “Gold Tower Order of Industrial Service Merit” etc.
| Jan 31, 1979 | The construction of the Third Ulsan Plant for the production of high density polyethylene is completed. |
| Jun 30, 1979 | The construction of exclusive use berth is completed. |
| Feb 11, 1980 | The first “No Accident for 1 Million Hours” is achieved. |
| Sep 4, 1981 | KPIC is conferred the Minister of Energy Commendation in the field of energy saving. |
| Jun 11, 1982 | The construction of Yongjam berth is completed. |
| Oct 20, 1982 | The construction of E.B.M facility, a "U" Grade byproducts processing facility, is completed. |
| Nov 10, 1984 | The construction of the Fourth Ulan Plant for the production of polypropylene is completed. |
| Nov 10, 1984 | The construction of L.E.G tank is completed at Yongjam berth. |
| Sep 16, 1986 | The construction of C. K. Plant in Ulsan for the production of compound resins is completed. |
| Mar 10, 1987 | KPIC is honored with “Gold Tower Order of Industrial Service Merit” for the advancement industrial relations |
| Apr 20, 1987 | The construction of the Fifth Ulsan Plant (a dual-purpose facility for the production of polypropylene and high density polyethylene) is completed. |
| Jun 2, 1988 | The construction of the Sixth Ulsan Plant for the production of polypropylene & high density polyethylene and Pelletizing is completed. |
| Dec 21, 1988 | Technology transfer contract necessary Naphtha Cracking Center (with an annual productive capacity of 250 thousand tons in the case of ethylene) is signed and the plan is approved by the government. |