Kolon Plastics Showcases Eco-Friendly Material Solutions at Germany's 'Packma 2023'

Expansion of High-Value Global New Markets

Kolon Plastics will participate in the international plastics industry exhibition "Fakuma 2023," held in Friedrichshafen, Germany, for five days until the 21st (local time), presenting next-generation eco-friendly material solutions.

"Fakuma" is one of the top three industrial plastics trade fairs in Europe and the world. This year, about 1,500 companies are participating, providing a comprehensive overview of plastics technology, including international products and services.

Kolon Plastics has set up its exhibition booth under the theme of "Sustainability," an indispensable element required within the industrial ecosystem. The booth is optimized to meet customer needs for eco-friendliness by showcasing materials made with eco-friendly raw materials and processes, medical-grade materials, and carbon fiber composite materials. It also presents world-class engineering plastic products with enhanced productivity and efficiency through digital transformation.

Overview of Kolon Plastics exhibition booth at Germany's Fakuma Photo by Kolon Plastics

Kolon Plastics expects to attract global customers' attention by expanding its eco-friendly business strategy. Exhibits include eco-friendly Bio-POM (Polyoxymethylene) made from bio-based or organic waste-derived raw materials instead of fossil resources, eco-friendly E-POM that contributes to carbon emission reduction, and eco-friendly compound products made from raw materials extracted from marine waste such as discarded fishing nets.

POM is an engineering plastic with excellent rigidity and wear resistance, mainly applied to drive parts such as gears in various fields including automotive, electrical and electronics, household goods, and industrial machinery. Representative automotive applications include safe belt anchors, window regulators, and fuel pumps.

Kolon Plastics will also operate a space where customers can directly compare and experience materials made from conventional and eco-friendly raw materials, strengthening communication with global clients.

They will showcase the "KOCETAL® M-Series," a POM medical equipment dedicated product targeting the high value-added European medical market. POM is applied to machinery in various industries due to its high rigidity, excellent wear resistance, long-term usability, and processability. Kolon Plastics has developed medical-grade materials that comply with biocompatibility and food-contact regulations based on strict quality control, gaining recognition for quality and safety. Through this, they plan to accelerate the expansion of the high value-added medical materials market.

At the exhibition, Kolon Plastics CEO Heo Seong said, "We will proactively respond to industrial trends by expanding a sustainable eco-friendly material portfolio," adding, "We plan to actively seek overseas partnership opportunities and target high value-added product markets to accelerate the expansion of new global markets."