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Rubber Chemical Markets

Industry News


We track rubber chemical industry market trends using a wide range of industry sources. Optimum market insight is achieved by combining public information with RCCL's extensive range of confidential information which is pooled together using RCCL's proprietary database and reporting systems.

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November (2023)

Kolon Industries: 2023 Q3 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ31183000.01259000.0-6.0
All SegmentsEBITQ322000.051000.0-56.9
All SegmentsNet MarginQ3-7000.031000.0-122.6
ChemicalsSales RevenueQ3220000.0260000.0-15.41
ChemicalsEBITQ317000.010000.070.0


August (2023)

Kolon Industries: 2023 Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales Revenue2023/21347000.01388000.0-3.0
All SegmentsEBIT2023/266000.089000.0-25.8
All SegmentsNet Margin2023/237000.044000.0-15.9
ChemicalsSales Revenue2023/2257000.0289000.0-11.11
ChemicalsEBIT2023/219000.014000.035.72


May (2023)

Kolon Industries: 2023 Q1 Results  Link...

Kolon Industries: Chemical segment has focus on resins for EV tires which will increase product differentiation.

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales Revenue2023/11229000.01274600.0-3.6
All SegmentsEBIT2023/129000.063900.0-54.6
All SegmentsNet Margin2023/128000.088200.0-68.3
ChemicalsSales Revenue2023/1221000.0272600.0-18.91
ChemicalsEBIT2023/117000.010800.057.4


March (2023)

Kolon Industries: Stora Enso and Kolon Industries collaborate on bio-based materials  Link...

Stora Enso and Kolon Industries have signed a Joint Development Agreement to develop and industrialise bio-based polyesters and their applications, as well as renewable binder resin formulations. Application areas can cover, for example, packaging, car tire reinforcements, and films for high value-added products such as electronics, panels and displays.


February (2023)

Kolon Industries: 2022 Q4 Results  Link...

Kolon Industries: HC resin sales and margin is expected to strengthen in the near future due to demand and reduced export freight rates. Kolon is expanding eco-friendly differentiated products to increase its competitiveness.

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/41446000.01259000.014.9
All SegmentsEBIT2022/439000.02700.01344.4
All SegmentsNet Margin2022/434000.018000.088.9
ChemicalsSales Revenue2022/4231000.0244000.0-5.3
ChemicalsEBIT2022/413000.016000.0-18.8


November (2022)

Kolon Industries: 2022 Q3 Results  Link...

Kolon Industries: Kolon tire cord (Industrial segment) sales strong. Vietnam tire cord expansion completed September 2022 with tire customer approvals ongoing. New aramid factory in Korea is scheduled to be complete in 3Q 2023.

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/31259000.01128600.011.6
All SegmentsEBIT2022/351000.077300.0-34.0
All SegmentsNet Margin2022/331000.056600.0-45.2
ChemicalsSales Revenue2022/3260000.0245800.05.81
ChemicalsEBIT2022/310000.022000.0-54.5


September (2022)

Kolon Industries: Expands Tire Cord Fabric Plant in Vietnam  Link...

Kolon Industries Inc. has expanded the capacity of its polyester tire cord fabric plant in Vietnam. The facility expansion boosted its production capacity in Vietnam by 14% to 19,200 tons of tire cord fabrics and the facitliy is now in full operation. Kolon is now able to produce 103,200 tons of tire cord fabric per year, or 15% of the global tire cord market by output.

EVs are increasing the demand for tire cord due to the increased car weights, EV tires use between 10 and 20% more tire cord versus tires for combustion engine vehicles.


August (2022)

Kolon Industries: 2022 Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/21388000.01184000.017.2
All SegmentsEBIT2022/289000.0104000.0-14.4
All SegmentsNet Margin2022/244000.078000.0-43.6
ChemicalsSales Revenue2022/2289000.0217000.033.21
ChemicalsEBIT2022/214000.023000.0-39.12


May (2022)

Kolon Industries: 2022 Q1 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/11274600.01090000.016.9
All SegmentsNet Margin2022/188200.052000.069.6
All SegmentsEBIT2022/163900.069000.0-7.4


February (2022)

Kolon Industries: 2021 Q3 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/31128600.0958000.017.8
All SegmentsEBIT2021/377300.029000.0166.6
All SegmentsNet Margin2021/356600.013000.0335.4
ChemicalsSales Revenue2021/3245800.0155000.058.61
ChemicalsEBIT2021/322000.021000.04.82


August (2021)

Kolon Industries: 2021 Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/21184000.0942000.025.7
All SegmentsEBIT2021/2104000.037000.0181.1
All SegmentsNet Margin2021/278000.017000.0358.8
ChemicalsSales Revenue2021/2217000.0169000.028.4
ChemicalsEBIT2021/223000.021000.09.51


February (2021)

Kolon Industries: 2020 FY and Q4 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue20204036000.04407000.0-8.4
All SegmentsNet Margin2020206000.022000.0836.4
All SegmentsEBIT2020152000.0173000.0-12.1
ChemicalsSales Revenue2020706000.0760000.0-7.1
ChemicalsEBIT202079000.081000.0-2.5
All SegmentsSales Revenue2020/41147000.01133000.01.2
All SegmentsEBIT2020/460000.011000.0445.5
All SegmentsNet Margin2020/413000.0-29000.0144.8
ChemicalsSales Revenue2020/4172000.0171000.0.6
ChemicalsEBIT2020/417000.011000.054.5


November (2020)

Kolon Industries: 2020 Q3 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/3958000.01067000.0-10.2
All SegmentsEBIT2020/329000.052000.0-44.2
All SegmentsNet Margin2020/313000.016000.0-18.8
ChemicalsSales Revenue2020/3155000.0200000.0-22.51
ChemicalsEBIT2020/321000.022000.0-4.5


August (2020)

Kolon Industries: 2020 Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/2942000.01149000.0-18.01
All SegmentsEBIT2020/237000.062000.0-40.3
All SegmentsNet Margin2020/217000.015000.013.3
ChemicalsSales Revenue2020/2169000.0199000.0-15.12
ChemicalsEBIT2020/221000.021000.0.03


May (2020)

Kolon Industries: 2020 Q1 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/1898000.01058000.0-15.11
All SegmentsEBIT2020/127000.049000.0-44.9
ChemicalsSales Revenue2020/1210000.0189000.011.12
ChemicalsEBIT2020/120000.021000.0-4.8


February (2020)

Kolon Industries: 2019 FY and Q4 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue20194407000.04753000.0-7.3
All SegmentsEBIT2019173000.0145000.019.3
All SegmentsNet Margin201922000.043000.0-48.8
ChemicalsSales Revenue2019760000.0900000.0-15.6
ChemicalsEBIT201981000.084000.0-3.6
All SegmentsSales Revenue2019/41133000.01327000.0-14.61
All SegmentsEBIT2019/411000.032000.0-65.6
All SegmentsNet Margin2019/4-29000.0-19000.0-52.6
ChemicalsSales Revenue2019/4171000.0221000.0-22.62
ChemicalsEBIT2019/411000.020000.0-45.0


November (2019)

Kolon Industries: 2019 Q3 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20192018YoY, %Notes
ChemicalsSales Revenue2019/3200000.0224000.0-10.7
ChemicalsEBIT2019/322000.020000.010.01


August (2019)

Kolon Industries: 2019 Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/21149000.01166000.0-1.51
All SegmentsEBIT2019/262000.054000.014.8
All SegmentsNet Margin2019/215000.029000.0-48.32
ChemicalsSales Revenue2019/2199000.0217000.0-8.3
ChemicalsEBIT2019/221000.021000.0.0


May (2019)

Kolon Industries: 2019 Q1 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/11058000.01127000.0-6.11
All SegmentsEBIT2019/149000.038000.028.92
All SegmentsNet Margin2019/120000.037000.0-45.9
ChemicalsSales Revenue2019/1189000.0237000.0-20.33
ChemicalsEBIT2019/121000.023000.0-8.7


February (2019)

Kolon Industries: 2018 Q4 Results  Link...

Kolon Industries: Sales revenues up - profitability down.

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20182017YoY, %Notes
All SegmentsSales Revenue20184753000.04607000.03.2
All SegmentsEBIT2018145000.0198000.0-26.8
All SegmentsNet Margin201843000.0132000.0-67.4
ChemicalsSales Revenue2018900000.0874000.03.0
ChemicalsEBIT201884000.095000.0-11.6
All SegmentsSales Revenue2018/41327000.01247000.06.41
All SegmentsEBIT2018/432000.052000.0-38.52
All SegmentsNet Margin2018/4-19000.020000.0-195.0
ChemicalsSales Revenue2018/4221000.0220000.0.5
ChemicalsEBIT2018/420000.024000.0-16.73


November (2018)

Kolon Industries: 2018 Q3 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20182017YoY, %Notes
All SegmentsSales Revenue2018/31133000.01086000.04.31
All SegmentsEBIT2018/322000.046000.0-52.2
All SegmentsNet Margin2018/3-4000.032000.0-112.52
ChemicalsSales Revenue2018/3224000.0217000.03.2
ChemicalsEBIT2018/320000.025000.0-20.03


August (2018)

Kolon Industries: 2018 Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20182017YoY, %Notes
All SegmentsSales Revenue2018/21166000.01124000.03.71
All SegmentsEBIT2018/254000.054000.0.0
All SegmentsNet Margin2018/229000.057000.0-49.1
ChemicalsSales Revenue2018/2217000.0204000.06.42
ChemicalsEBIT2018/221000.023000.0-8.7


May (2018)

Kolon Industries: 2018 Q1 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20182017YoY, %Notes
All SegmentsSales Revenue2018/11127000.01150000.0-2.0
All SegmentsEBIT2018/138000.046000.0-17.41
All SegmentsNet Margin2018/137000.022000.068.2
ChemicalsSales Revenue2018/1237000.0234000.01.3
ChemicalsEBIT2018/123000.023000.0.02


February (2018)

Kolon Industries: 2017 Full Year and Q4 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue20174607000.04562000.01.0
All SegmentsEBIT2017198000.0277000.0-28.5
All SegmentsNet Margin2017132000.0176000.0-25.0
ChemicalsSales Revenue2017874000.0817000.07.0
ChemicalsEBIT201795000.0104000.0-8.7
All SegmentsSales Revenue2017/41247000.01240000.0.6
All SegmentsEBIT2017/452000.065000.0-20.01
All SegmentsNet Margin2017/420000.026000.0-23.1
ChemicalsSales Revenue2017/4220000.0205000.07.3
ChemicalsEBIT2017/424000.024000.0.0


November (2017)

Kolon Industries: Q3 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results. Currency values reported in: Millions of KRW

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/31086000.01037000.04.71
All SegmentsEBIT2017/346000.050000.0-8.02
All SegmentsNet Margin2017/332000.030000.06.7
ChemicalsSales Revenue2017/3217000.0196000.010.73
ChemicalsEBIT2017/325000.025000.0.0


August (2017)

Kolon Industries: Q2 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component. Rubber Chemical Consultants tracks the company results and the Chemical Segment results.

Kolon Industries: KRW Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/21124000.01134000.0-.91
All SegmentsNet Margin2017/257000.064000.0-10.92
All SegmentsEBIT2017/254000.082000.0-34.1
ChemicalsSales Revenue2017/2204000.0200000.02.03
ChemicalsEBIT2017/223000.027000.0-14.84

1 Sales was similar YoY due to good performance of main items, but declined QoQ due to decrease in byproduct sales of hydrocarbon resin

2 Pre-tax profit and net profit increased QoQ due to increase in equity method income

3 Sales decreased QoQ due to decline in by-product sales of hydrocarbon resin from the drop in naphtha price

4 Solid performance in hydrocarbon resin and decreased raw materials price for phenolic resin caused EBIT to rise QoQ.


May (2017)

Kolon Industries: Q1 Results  Link...

Kolon Industries reports operations in five segments. The Chemical Segment contains the company's hydrocarbon resin activities, where tire resins are a minor component.

Kolon Industries: USD Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/11150000.01151000.0-.11
All SegmentsEBIT2017/146000.086000.0-46.52
All SegmentsNet Margin2017/122000.056000.0-60.7
ChemicalsSales Revenue2017/1234000.0216000.08.33
ChemicalsEBIT2017/123000.029000.0-20.74

1 Sales decreased QoQ due to weak seasonality, but was flat YoY from the increase in by-product sales of hydrocarbon resin

2 OP declined QoQ and YoY due to weak seasonality and higher raw materials cost

3 Sales elevated QoQ and YoY thanks to the increase in by-product sales of hydrocarbon resin on rise in naphtha price.

4 Despite the solid performance in hydrocarbon resin, OP slightly declined QoQ on narrower phenolic resin spreads


February (2017)

Kolon Industries: 2016 Q4 and Full Year Results  Link...

Full Year - All Segments: Sales decreased by 6.1% to 4562 MMM Won YoY. Operating margin decreased by 1.4% to 277 MMM Won.

Q4 - All Segments: Sales decreased 12% QoQ to 650 MMM Won which was a 9.7% reduction YoY.

Full Year - Chemical Segment: Sales decreased by 19.2% YoY to 817 MMM Won, operating margin decreased by 11.1% to 104 MMM Won.

Q4 - Chemical Segment: Sales increased QoQ 4.6% to 205 MMM Won due to end of maintenance at the Ulsan HC resin plant. Sales decreased YoY by 8.9%. Operating margin decreased QoQ by 4% to 240 MMM Won and by 17.2% YoY.


November (2016)

Kolon Industries: 2016 Q3 Results  Link...

All Segments: Sales revenue was 1037 MMM KRW declining 10% YOY and 9% QOQ. Net margin was 30 MMM KRW a 9% decline YOY and a 53% decline QOQ.

Chemical Segments: Sales revenue was 196 MMM KRWR declining 25% YOY and 2% QOQ with segment EBIT at 25 MMM KRW showing a 17% YOY decline and a 7% QOQ decline. The sales revenue decrease was due to a decline in by-product sales in the hydrocarbon resin segment due to a drop in naphtha price. Operating profit (EBIT) dropped due to increases in raw material prices for raw materials for phenolic and epoxy resins.


August (2016)

Kolon Industries: 2016 Q2 Results  Link...

All Segments: Sales revenue at 1134 MMM KRW down 8% YOY and down 1% QOQ with net margin up 94% YOY and up 14% QOQ.

Chemical Segment: Sales revenue at 200 MM KRW down 23% YOY and down 7% QOQ with segment EBIT at 27 MMM KRW which is down 7% both YOY and QOQ. Sales revenue was down primarily due to a drop in hydrocarbon resin selling prices.


May (2016)

Kolon Industries: 2016 Q1 Results  Link...

All Segments: Sales revenue of 1151 MMM KRW representing a 4% drop in YOY sales revenue and a 10% drop QOQ. Net margin was 56 MMM KRW representing an 81% QOQ improvement and a substantial improvement of the net loss posted Q1 2015. The loss registered in Q1 2015 was partially attributable to exceptional items.

Chemical Segment: Sales revenue of 216 MM KRW represents a 21% reduction in YOY sales and a 4% QOQ reduction. EBIT for both YOY and QOQ was flat.


February (2016)

Kolon Industries: 2015 FY Results  Link...

All Segments: Sales revenue of 4857 MMM KRW with a net margin of -145 MMM KRW representing a YOY sales revenue drop of 9% and a drop of 185 MMM KRW in net margin.

Chemical Segment: Sales revenue of 1019 MMM KRW with a segment EBIT of 117 MMM KRW reprenting a YOY sales revenue drop of 20% and an EBIT increase of 29%. The sales decrease was due to a decline in by-product sales in the hydrocarbon resin business due to the drop in naphtha price.


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