Kolon Plastics Targets Global Market with Advanced New Mobility Materials

Kolon Plastics Targets Global Market with Advanced New Mobility Materials

[Asia Economy Reporter Hwang Yoon-joo] Kolon Plastics is launching new material solutions applied to next-generation eco-friendly mobility to the global market, aiming to expand its presence worldwide.

Kolon Plastics announced on the 13th that it participated in the international plastics industry exhibition 'FAKUMA 2021' held in Friedrichshafen, Germany. At this exhibition, Kolon Plastics introduced the latest engineering plastics technologies tailored to the rapidly growing global demand for electric and hydrogen vehicles and showcased a variety of products.

First, materials and components for electrical devices stood out. Eco-friendly vehicles have a high proportion of electronic equipment, so for efficient operation, these parts must also withstand electrical hazards. Kolon Plastics' high-voltage connectors are advanced flame-retardant components designed not to discolor or deform under harsh conditions such as high temperature and high pressure during charging, ensuring no functional degradation. They also exhibited electromagnetic shielding materials that prevent malfunctions of sensors and communication devices used in battery housings that safely protect secondary batteries without energy loss, autonomous driving devices, and safety assistance devices.

Kolon Plastics also introduced world-class polyoxymethylene (POM) products. Kolon Plastics' POM is impact-resistant and wear-resistant, mainly applied to vehicle electric motor gears and safety belt buttons. It is an eco-friendly product with low odor (Low Odor; LO) characteristics that emit almost no formaldehyde, a harmful environmental substance, during both processing and in finished products. Going forward, Kolon Plastics plans to continuously improve the durability and safety of eco-friendly POM and expand into high-value markets such as medical and drinking water applications.

Kolon Plastics showcased advanced plastic parts for vehicles that are as strong as metal but lighter in weight. Eco-friendly vehicles such as electric and hydrogen cars use battery packs much heavier than internal combustion engines, making lightweight parts essential to offset weight and improve output efficiency.

Bang Min-soo, CEO of Kolon Plastics, stated, "Through the European subsidiary established this year, we will expand core customers in fields such as automotive, household goods, and medical devices, increase the proportion of high-value product sales, and lay the foundation for rapid growth in the global market."