- Business
- Kolon ENP Inc (138490.KS) manufactures and sells engineering plastic products primarily for lightweight automobiles, high-end home appliances, and electrical/electronic applications in South Korea and internationally. Core products include KOCETAL-POM, a copolymer-type polyacetal resin with superior friction/wear resistance, chemical resistance, heat stability, and dimensional precision; KOPA-PA6 and KOPA-PA66, polyamide-based materials widely used in automotive, electrical/electronic, and industrial machinery sectors; SPESIN-PBT, a heavy metal-free thermoplastic polyester resin that emits no environmental hormones upon combustion; KOPEL-TPC-ET, a domestically pioneered thermoplastic polyester elastomer combining rubber-like flexibility with engineering plastic stability; KOPPS, polyphenylene sulfide super engineering plastics for high-precision components requiring dimensional stability; KompoGTe, long fiber reinforced thermoplastics and uni-directional composite tapes; and additional offerings such as KOPET-PET materials. Founded in 1996 and headquartered in Gimcheon-si, South Korea, the company operates as a subsidiary of Kolon Industries Inc, with production facilities including Gimcheon Plants 1 and 2, and maintains a Gwacheon office. In April 2024, Kolon Plastics Inc rebranded to Kolon ENP to reflect its strategic evolution toward empowering new possibilities in sustainable engineering materials. Recent sustainability advancements encompass mass production and sales of ECO-B bio-waste-based products to European household goods manufacturers since 2023; development of ECO-LC low-carbon products via carbon capture utilization technology slated for mass production in 2024; ECO-E electrified materials using green hydrogen and renewable carbon for 98-100% emission reductions; procurement of ISCC PLUS certifications across sites for sustainable POM output; a renewable energy supply MoU with RWE Renewables Korea; and strategic preparations for medical-grade POM with GMP, biocompatibility, food contact, and medical certifications amid expanding demand; alongside GHG emission cuts of 19,355 tCO2-eq in 2023 through process efficiencies and waste steam recovery.