Samsung General Chemicals (SGC)　　　→　Samusung Total

　　　　　　　ビッグディール　現代石油化学と三星総合化学の統合計画

　　　　　　　　→　　2002/12/2　Atofinaと50/50ＪＶ設立　設備を移管

　　　　　　　　 　　　　　Samsung General Chem,France's Atofina Sign $1.55B JV Deal　

　　　　　　　　　　　　　　2003/5　Samsung, Atofina sign joint chemical venture

　　　　　　　　　　　　　　2003/7　欧州委員会、三星/Atofina ＪＶ承認

　　　　　 2003/8/1 Samsung and Atofina ratify new Korean joint venture company

サムスン総合化学、韓中往復の出退勤営業へ

2004/9 DuPont & Samsung Announce JV Agreement for Flexible Circuit Materials

2005/10 Samsung Total, Huge ‘Extension Investment’

2006/7　BP to Market Share of SPC in Korea

2006/11 Korea Samsung Total to expand benzene,PX units by mid-2009

2006/12 Samsung Total、ＳＭデボトルネッキングで80万トンに

2007/8 　Samsung Total to complete Daesan metathesis unit Aug 2008 　

2008/8　Samsung Total's new OCU produces on-spec propylene

2007/10 Total announces start-up of new polypropylene production line at Daesan Plant in South Korea

Samsung General Chemicals (SGC), a subsidiary of the Samsung Group, is a petrochemicals company that manufactures chemical products used as the material components of many everyday items. Among the products we manufacture are olefins, such as ethylene and propylene; basic petrochemicals, such as PX; and polyolefins, such as PE and PP.

100 thousand tons of LDPE are produced annually from LDPE plants by using the most advanced high pressure tubular process.

SGC produces 50 thousand tons of EVA annually, by using the most advanced tubular process.

SGC produces 125 thousand tons of LLDPE(including MDPE)annually by using a state of the art gas phase process with a super active catalyst.

SGC produces 175 thousand tons of HDPE annually, using the advanced slurry process and a super active Ziegler catalyst.

SGC produces 220 thousand tons of PP annually by using a liquid-gas phase process with multi-reactor system.

SAMSUNG BP Chemicals　Acetic Acid, Hydrogen, VAM

Samsung Petrochemical (JV with BP) 　PTA

ＳＭデボトルネッキングで80万トンに

日本経済新聞　2002/12/3

仏アトフィナの出資受け入れ　サムスン総合 　　　　　JV設立合意

韓国のサムスン総合化学は２日、仏石油大手トタルフィナ・エルフの化学部門であるアトフィナ社から資本を受け入れる覚書を結んだと発表した。

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December 2, 2002 TotalFinaElf

TotalFinaElf plans to set up a petrochemicals joint venture with Samsung in South Korea
　　http://www.atofina.com/groupe/gb/actuComm/d_detail.cfm?IdComm=9003

　

TotalFinaElf, via its chemicals branch ATOFINA, and the South Korean company Samsung, will sign Dec. 2 a memorandum of understanding with the aim of setting up a 50/50 joint venture in the petrochemicals sector in South Korea, to which the assets of Samsung General Chemicals will be transferred.

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Dec. 2, 2002　Samsung General Chemicals

A Petrochemical Joint Venture is to be established between
　　　Samsung General Chemicals and Atofina, the Chemicals branch of TotalFinaElf
http://www.samsungchem.com/en/SilverStream/Pages/ene236pg.html?cdate=200212031018&ndate=20021203&chcondition=&fldcondition=&page=

　

・ MOU signed between Samsung General Chemicals and Atofina, the chemical Branch of the French Group TotalFinaElf.

・ Definitive Agreements will be signed during the 1st quarter of 2003 based on 50:50 ownership .

・The new joint venture is expected to be competitive through a marketing and sales alliance as well as a sound financial structure.

April 16, 2003 Financial Times

Jv paves way for expansion; Atofina and Samsung General Chemicals cracker in Korea.

Atofina and Samsung General Chemicals (SGC) have formally agreed to establish a 50:50 $1.5 bn joint venture to increase the capacity of a cracker in Daesan, South Korea, from 650,000 tonnes/y to 1 M tonnes/y.

SAMSUNG BP Chemicals Co.,Ltd
　　　　　　　　　　　　　　　　　　　　　　　　http://www.ssbp.co.kr/default_en.asp

SAMSUNG BP Chemicals, a joint venture with British BP AMOCO Chemicals (established in 1989), manufactures 350,000 tons of industrial acid and 10,000 tons of hydrogen annually. SAMSUNG-BP Chemicals aims at being the top Asian acetyls producer by 2000 and one of the world's top three acetic acid manufactures by the early beginning of the 21st century, armed with technology, capital, and the best human resources

Products : Acetic Acid, Hydrogen, VAM(Vinyl Acetate Monomer)

History

Samsung Petrochemical Company (SPC) 　　http://www.myspc.co.kr/eng/about/index.html

Samsung Petrochemical Company (SPC) was established in July 1974 as a joint venture of 50% Samsung, 35% BP (ex-Amoco) and 15% Mitsui Chemicals. Commissioned in 1980 to produce approximately 100,000 tonnes per annum of purified terephthalic acid (PTA) for the first time in Korea, the site contributed greatly to the local polyester industry by supplying domestic PTA, their significant raw material. Consequently polyester business, a basic and core one of then booming Korean industry, enhanced its competitiveness

PTA is the significant raw material of domestic polyester fibers and also used worldwide for manufacturing polyethylene terephthalate (PET) resin for applications such as carbonated beverage bottles, etc. and continuously expanded its applications in various areas based its high technology.

Now SPC having its four production units including Seosan PTA at the end of last year produces 1,400,000 tonnes per annum enough to supply reliably to its customers high quality PTA at low price. In addition, it is well known with its environment-friendly operation through advanced technology. The company received a certificate of environment-friendly corporate authorized by the government for the first time among Korean petrochemical companies. Its commitment to environment for better life will continue in the future.　　

蔚山　　1,000千トン
大山　　　400千トン+200千トン　Samsung General Chemicals sold PTA Unit to Samsung Petrochemical

2004/4/26 Platts

Samsung Petchem to expand PTA capacity by end-2004 to 1.6-mil mt

South Korea's Samsung Petrochemical Co Ltd plans to boost its production capacity of purified terephthalic acid by the end of the year to 1.6-mil mt, up 200,000 mt/yr from its current capacity, the company announced during a press conference on Monday.

Platts 2006/12/11

Korea's Samsung Total commits new SM capacity to term contracts

boosting its styrene monomer nameplate capacity at Daesan by 130,000 mt/year to 800,000 mt/year through debottlenecking.

第一毛織 Cheil Industries 　　　　http://www.cii.samsung.com/english

Since established as a parent company of Samsung in 1954, Cheil Industries has been the driving force behind the remarkable development of Korea's textile industry.

　

Cheil Industries has launched a chemical industry for plastic material that bears the vigorous mark of a secondarily launched enterprise. Indeed, 1989 brought the opportunity to move into the manufacture of ABS and PS and expand our production sector with EPS and SAN . In addition we produce and deliver a broad range of products, including electronic chemical materials such as CMP(Chemical Mechanical Polishing) Slurry, CR(Color Resist), PI(Polyimide), PR(Photo Resist), Electrolyte for second-Li battery, Paste, EMS(Electro-Magnetic Interference Shielding), OPC(Organic Photo Conductor), Ink and highly functional engineering plastic, and are regarded as a truly worldwide resin manufacturer.


Chemical Business at 　http://www.starex.co.kr

Hyundai Petrochemical 　　

　　ビッグディール　現代石油化学と三星総合化学の統合計画

　　→　Hyundai Petrochemical 買い手
　　　　　　　　Honam Petrochemical and LG Chemical ：full ownership 希望
　　　　　　　　SK Corp 　： other partnersとのshare 希望

　 　　→　Korea/ LG Chem and Honam Petrochemical acquired Hyundai Petrochemical.
　　　　　　　　現代石油化学、ＬＧ・ロッテ化学に売却へ

　　　　　　　　　　　　　　　ＬＧ発表

　　　Korea's Honam, LG finalize acquisition of Hyundai Petchem

　Hyundai Petrochemical to be split into three firms

Hyundai Petrochemical Co., Ltd. has achieved rapid industrial growth in the domestic petrochemical industry since its inception in 1988.
Through leading edge technologies and visionary insights, Hyundai Petrochemical has become the premier consolidated petrochemical company in Korea.   Hyundai's Daesan Petrochemical Complex, located in the western seaboard south of Seoul, maximizes efficiency and quality control by employing a comprehensive computer automation system that coordinates the entire production process.

From the Naphtha Cracking Center and throughout the production of monomers, polymers, synthetic resins and rubbers, the system requlates stringent quality control measures to provide products with the highest level of quality.

The Daesan Petrochemical Complex is strategically positioned in close proximity to the Hyundai Oil Refinery Co.,Ltd. to facilitate in the supply of base petroleum and to enjoy the wynergistic effects into our globalization strategy.

Furthermore, Hyundai Petrochemical leads the domestic petrochemical industry, a first for a domestic petrochemical company.   As the leading and pioneering company in the production of petrochemicals and related technologies, Hyundai Petrochemical has been supplying the global market of over 50% of total production volume to over 60 countries worldwide.

Ws the future unfolds and offers new and exciting challenges,  Hyundai Petrochemical will strengthen the investments in R&D to develop new value-added materials in fine chemistry to emerge in the 21st century as leader in the field of petrochemicals.

現代石化

　　　　　　　　　　　　　　　　　　　　　　　　　　http://www.seetec.com/seetec/english/daesan/index.htm

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Platts 2002/5/3

Korea SK Corp to join bidding for Hyundai Petrochemical

South Korean refiner and petrochemical producer SK Corp has expressed interest in bidding for financially troubled Hyundai Petrochemical Co, officials at SK said Friday. SK would join local Honam Petrochemical and LG Chemical, which are also lining up to place bids for the company.

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朝鮮日報　2003/1/29

現代石油化学、ＬＧ・ロッテ化学に売却へ

現代（ヒョンデ）石油化学がＬＧ化学と湖南（ホナム）石油化学（ロツテグループ系列）のコンソーシアムに売却されることになった。
現代石油化学のメーンバンクであるウリ銀行は２９日、債権銀行団とＬＧ化学・湖南石油化学コンソーシアムが３０日、ソウル・ロッテホテルで買収契約を締結すると明らかにした。

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2003/1/21 Financial Times

Korea/ LG Chem and Honam Petrochemical acquired Hyundai Petrochemical.

Hyundai Petrochemical, which was put up for sale in 1999 because of the size of the parent company's debts, has finally found a buyer. A dozen companies expressed an interest in the acquisition (including Koch Industries). Hyundai's main creditor finally chose to sell the company to a local consortium led by Honam Petrochemical and LG Chem for a reported $1.45 M(Billionの誤り）.　

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2002/12/29 Reuters

S.Korea Group Named in Hyundai Petro Sale

The main creditor bank for Hyundai Petrochemical Co Ltd named a South Korean consortium Monday as a preferred bidder for the cash-strapped company in a deal industry sources valued at around $1.45 billion.

The spokesman for Woori Bank said Kansas-based Koch Industries Inc was the runner-up bidder for Hyundai Petrochemical. He declined to reveal financial details of the bids.

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http://www.kochind.com/about/default.asp　

Koch Industries owns a diverse group of companies that exercise these capabilities on a global scale in core industries such as trading, petroleum, asphalt, natural gas, gas liquids, chemicals, plastics and fibers, chemical technology equipment, minerals, fertilizers, ranching, securities, and finance, as well as in other ventures and investments.

Hyosung Chemical

http://www.hyosungchemical.com/index_e.jsp

Hyosung adopted Oleflex propane dehydrogenation process of UOP, and started the DH plant operation commercially in 1991. This is the first commercially operated plant of this kind in the world, succeeding to the pilot plant size operation of DH unit in USA by UOP itself.

High purity polymer grade propylene can be produced through the catalyst packed reactors with Continues Catalyst Regeneration section. With the state of art Distributed Control System all process variables can be controlled automatically to maximize the efficiency.

Hyosung Corporation started the polypropylene business with product brand "TOPILENE" in April 1991, by introducing the HYPOL process technology from Mitsui Chemical Inc. of Japan. Soon after the start-up of the HYPOL PP plant, many new products were successfully launched on the market by applying many-years own know-how which was accumulated throughout previous synthetic fiber polymerization experiences.
New capacity was added in 1996, based on UNIPOL PP technology of Union Carbide Corporation of US. With the operation of UNIPOL PP plant, the whole product range of TOPILENE can be widened and become more customer specific, to bring Hyosung great competitiveness worldwide in scale-wise and quality-wise.
Hyosung Corporation keeps introducing new high value-added products in market with constant improvement and development since we well acknowledge the customer value and satisfaction is critical to our success in this limitless global competition era. We are leading Korean PP industry with the introduction of the fourth generation products such as HIPP and Butene Random Copolymer, and will grow along with the customers.

Honam Petrochemical (Lotte Group) 　　　http://www.hpc.co.kr/eng/　　

　　現代石化買収

　　　Hyundai Petrochemical to be split into LG Daesan Petrochemical, Lotte Daesan Petrochemical and Seetec　

　　 Honam Petrochemical completes purchase of KP Chemical

　　三菱レイヨン、韓国でMMA事業展開 湖南石化と合弁 　　　　MMA

　　Lotte Daesan to use Basell's Spherizone Technology in new PP plant

　　S Korean Honam Petchem to build, invest in $2.6 bil Qatar plant

　　Lotte Group working toward merger of three petchem firms

　　Weifang Yaxing Signs LOI with Honam Petrochemical

　　　　　Korean Honam takes stake in China top CPE producer

1976/3 established
1979/12 commercial production of hdpe, pp meg
1979　ロッテが株主に（湖南エチレンは大林に）
1988/4 2nd hdpe
1988/11 2nd pp
1991/5 2nd meg
1992/4 ethylene and btx
1997/6 3rd meg
1998/4 pet
1000/6 synthetic paper
1999/9 3rd hdpe
2000/3 eoa
2001/6 mma
2001/11 revamping of echylene btx
2001/11 3rd pp

出資　

	→
ロッテ 　　　　57.3%　 一般　　　　　32.7% 第一化学　　10.0%（当初は35%）		ロッテ 　　　　57.3%　 一般　　　　　42.7%
＊ロッテはロッテホテル、ロッテ物産、ロッテ(日本）の合計

　　　　　　　　　　　　　　　　第一化学　持株売却、解散

　　　

　　　　＊第一化学：三井化学 60.13%、三井物産　32.17%、新日本石油化学　7.7%

1973/11	三井石油化学、三井東圧化学、三井物産の３社、第一化学を設立
1974/6	日本石油化学、第一化学に資本参加
1976/3	第一化学、韓国の麗水石油化学と湖南石油化学を設立
	当初は麗水石油化学 35% (ﾛｯﾃ80%）、第一化学 35%、一般株主 30%
2002/12	第一化学、湖南石油化学持株売却完了
2003/6	第一化学　解散

2006/6/23 Plastemart

Lotte Daesan to use Basell's Spherizone Technology in new PP plant
http://www.plastemart.com/plasticnews_desc.asp?news_id=8882

Lotte Daesan Petrochemical Co. Ltd. has selected Basell's Spherizone technology for a new 250,000 tpa polypropylene plant to be built at Daesan, South Korea. Start up of the plant is planned for Q4-2008. The Spherizone process is an advanced manufacturing process for the production of polypropylene, using a unique, state-of-the-art, multi-zone circulating reactor system. Spherizone plants can produce the full range of polypropylene grades, as well as new families of propylene based polymers.
Lotte is the Basell's second Spherizone licensee this month, and globally the seventh plant to be built with this technology. Almost 2 mln tons of capacity has already been licensed since the Spherizone process was commercialized about three years ago, reflecting the industry trend to seek additional value through product differentiation.

Chemnet Tokyo　2003/5/30 　　　　　　　　　　　　　　　　　　　　　　発表

三井化学、韓国・湖南石化投資会社「第一化学」解散

　三井化学は30日、韓国・湖南石油化学への日本側共同投資会社として設立した、第一化学を6月30日付で解散すると発表した。
　
　第一化学は1973年、当時の三井石油化学、三井東圧化学、三井物産、日本石油化学4社が韓国に進出し、同国麗水石油化学と折半出資して湖南石油化学を設立したさい、日本側投資会社として4社共同で設立した。
　
　湖南石化は、79年に第1期を完成していらい順調に発展してきたが、すでに30年が経ち、韓国側パートナーの変更や、株式上場などもあって、設立当初の戦略的意義や使命は終えたと判断した。

　湖南石化の株主構成は大きく変わり、2002年3月には韓国ロッテグループ57.2％、第一化学10％、残りは一般株主となっていた。第一化学はその後保有株式を市場売却し、同年10月には売却を完了、事実上同事業から撤退していた。　

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2003/5/30 三井化学

連結子会社の解散に関するお知らせ

当社は、下記のとおり当社の連結子会社である第一化学工業株式会社（以下「第一化学」という。）を2003年6月30日付で解散することを決定いたしましたのでお知らせいたします。

第一化学の概要

（１）所 在 地		東京都千代田区
（２）代 表 者		富永紘一（当社専務取締役）
（３）資 本 金		3,929百万円
（４）株主構成		当 社	60.13 ％
		三井物産 新日本石油化学	32.17 ％ 　7.70 ％

2004/11/10

S Korea's Honam Petrochemical completes purchase of KP Chemical

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2004/3/22 AsiaPulse

Honam Petrochemical Chosen as Final Bidder for KP Chemical

KP Chemical today said that through a public offering it has chosen Honam Petrochemical as the final preferred bidder for the company. The consortium of KC Holdings Co. Ltd. was chosen as preparatory preferred bidder.
KP Chemical will go through due diligence and price negotiations with Honam before concluding the takeover by the first half of this year, if possible, an official of the lead-manager for the sale, Samjung KPMG, said. The offered price and exact contract schedule have not yet been publicly released.

KP Chemical, which has been under a workout program by about 40 creditors, led by Woori Bank, since its separation from troubled Kohap Corp. in December 2001, produces materials for polyester products.

It produces nearly 400,000 tons of packaging resin for PET (polyethylene terephthalate) bottles annually, which is 34.5 per cent of the domestic market, the nation's largest share, according to Samsung Securities Co.

KP Chemical's net profit was 20 billion won (US$17.26 million) in January and February, a Woori Bank official said.

The creditors claim 87 per cent of its stake, and the total debt of KP Chemical as of the end of last year was 606.9 billion won.

"If Honam acquires KP Chemical, both companies could enjoy a great synergy effect," a Samjung KPMG official said.

Honam Petrochemical, the sixth-largest domestic producer in the petrochemical industry, turns out 2.57 million tons of 15 petrochemical products annually, according to industry sources.

Korea Petrochemical Ind. Co 大韓油化（ＫＰＩＣ）　　　　　　　　　http://www.kpic.co.kr/english/

Ever since its establishment in Jun. Of 1970, Korea Petrochemical Ind. Co., Ltd has completed the first polypropylene plant in the 1972 in the spirit of challenge and pioneering.

Through annual increase in its establishment, it has opened the new field of petrochemical industry on this land furnishing the productivity of polypropylene 350 thousand metric tons and high density polyethylene 270 thousand metric tons a year.

2004/8 TEC、大韓油化向けにプロピレン増産プラントを受注

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1993/8/30　「法定管理」（会社更生法）の申請 　

ＫＰＩＣの累積債務は 7,000億Ｗ (当時のレ−トで 900億円）で、前年の赤字は 546億Ｗ、９３年赤字は 1,000億Ｗと言われている。
同社は 1991 年に 4,500億Ｗをかけて 250千ｔ/年のエチレンクラッカ−を建設したが、これが経営悪化の要因となった。

1993/8/12 に丸紅が 41.59% の株を放棄し撤退した。
株主は以下のとおり。
　　　創業者一族　　　　　42% （従来 25%）
　　　政府（財務部）　 　　29% ( 　　　 17% )
　　　ﾁｯｿｴﾝｼﾞﾆｱﾘﾝｸﾞ 　 14% ( 　　　　 8%)
　　　丸紅　　　　　　　　　　0% （　　　　41.59％）

May 29, 2003 Dow Jones

Samsung General Chem,France's Atofina Sign $1.55B JV Deal

South Korea's Samsung General Chemical Co. (Q.SGC) said Wednesday it signed a final agreement with French chemical company Atofina to launch a $1.55 billion joint venture in South Korea.

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Platts 2003/5/28

Atofina secures joint venture with Samsung GC May 27

Atofina, the chemicals branch of France's Total, Tuesday finalized its 50:50 joint venture with South Korea's Samsung General Chemicals an Atofina's spokesman confirmed Wednesday.

朝鮮日報　2003.07.04

サムスン総合化学、韓中往復の出退勤営業へ

サムスン総合化学が６月末から、中国と韓国を毎週行き来する出退勤システムを稼動した。月曜の午前に中国に出勤し、土曜日には韓国に帰って来るシステムだ。

2003/5/29　朝鮮日報

Samsung, Atofina sign joint chemical venture

Samsung General Chemicals Co. signed an agreement with France-based Atofina yesterday to form an equal $1.55-billion chemical joint venture.

Half the equity of Samsung, which is not yet publicly traded, will be handed over to Atofina for $775 million and the joint venture will be officially launched in August.

In return, the deal will secure for Atofina a strategic base in Asia to enter China and other regional markets.

The new company will be named Samsung-Atofina.

Dow Jones Business News 2003/7/18　

EU OKs Samsung and Total S.A $1.55 Billion JV

The European Union Commission Friday approved South Korean Samsung Group's $1.55 billion chemical 50-50 joint venture with France's Total S.A. (TOT).

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EU 2003/7/18 　　　　http://europa.eu.int/

Commission clears Samsung's and Total Holding's acquisition of Samsung Atofina Ltd

The European Commission has cleared the acquisition of joint control of the undertaking Samsung Atofina Ltd. ("JV"), Korea, by Samsung General Chemicals Co. Ltd. ("Samsung"), Korea, belonging to the Samsung Group and Total Holdings UK Ltd. ("Total Holdings") belonging to the Total Group ("Total"), France. Samsung Atofina is active in the manufacture of basic petrochemical products and commodity polymers. Samsung is incorporated under the laws of Korea and belongs to the Samsung Group. It is engaged in the manufacture of basic petrochemical products and commodity polymers. Total Holdings is a subsidiary of Total Holdings Europe Ltd. which belongs to the Total Group. Total is involved in oil exploration, development, refining, marketing, trading, shipping and production of base chemicals and commodity polymers. (The operation, notified 18 June 2003, was examined under the simplified merger review procedure)

Chemnet Tokyo　2003/8/4　　　　　　Homepage

三星とアトフィナの合弁会社発足

　韓国の三星グループとフランスのアトケムは8月1日、50/50の合弁会社サムスンアトフィナを発足させた。両社は昨年12月2日に合弁会社設立の覚書を結び、その後細目を詰め、5月27日に契約を締結した。7月18日にはEUの承認を得ている。

　両社の協議で三星総合化学の価値を1550百万ドルと評価、アトフィナは非公開の三星総合化学の株式の半分を775百万ドルで購入し、50/50JVとした。

　サムスン・アトフィナ(旧三星総合化学)は大山に石化コンビナートを持ち、実質能力はエチレン63万トン、プロピレン32万トン、LDPE 10万トン、lLDPE 125千トン、HDPE 175千トン、EG 11万トン、SM 67万トン、PP 22万トンなど。ほかにBPとのJVで三星石油化学(PTA 140万トン)、三星BP化学(酢酸、酢ビ)をもつ。

　三星総合化学は現代石油化学とともに大山に石化コンビナートをもっているが、1998年に韓国政府の5大財閥事業再編計画(ビッグディール)で両社の統合が図られた。日本商社の参加も考えられたが、結局統合は失敗に終わった。その後、両社とも負債増加で経営困難となり、現代石化は先にLG化学と湖南石化に買収された。

　新会社サムスン・アトフィナはアトフィナの投資で財務構造を改善する。アトフィナはこれにより中国をはじめとするアジアへの戦略基地を得ることとなる。

August 4, 2002 Samsung-Atofina 　　

Samsung, Atofina launch chemical joint venture
　http://www.samsungatofina.com/en/SilverStream/Pages/index.html

Samsung General Chemicals Co. and Atofina, the chemical branch of the French Group TotalFinaElf, launched a 50-50 joint venture, called Samsung-Atofina, yesterday.

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2003-8-7 Asia Chemical Weekly

Atofina grasps opportunity for Asia growth

Atofina has to prove now that it can reap real rewards from its investment in South Korea’s Samsung and make the gains it wants from more active participation in China’s petrochemicals markets.

October.26, 2005 Samsung Total Petrochemicals

Samsung Total, Huge ‘Extension Investment’

- NCC・SM Extension and PP Factory Establishment…Invest 550 billion won by 2007　　　600億円
- Initiative in main products, ‘Selection and concentration’, Energy-saving and expansion of high 550 value-added products
- Acquiring future growth engine with huge reinvestment.. Presenting successful joint-venture model

Samsung Total(CEO Hong-shik Goh) is initiating new investment of 550 billion won in total to Daesan petroleum chemical complex, South Choongchung, for its world-class competitiveness through complex rationalization.

This investment by Samsung Total is implemented for main products according to its ‘selection and concentration’ strategy. The core plan of the investment includes to increase 200,000 ton of ethylene, 230,000 ton of propylene, and 200,000 ton of SM(Styrene monomer) for NCC(naphtha decomposition factory) and to establish a new factory which produces 300,000 ton of PP(polypropylene).

When Samsung Total possesses production capacity of 830,000 ton of ethylene, 550,00 ton propylene, 870,000 ton SM, and 570,000 ton PP after 2007 of investment completion, it will be one of the best petroleum chemical complex in the world.
[See Table 1 and 2]

[Table 1] New Extension, Investment Plan for Daesan Youhwa Complex of Samsung Total

[Table 2]Product Purpose for Newly- Factory

The PP unit will use Basell's Spherizone technology--the first time the process has been used in Asia and the first time Total has employed it at one of its PP plants, Total says.

　同社は2003年に三星グループとフランスのアトフィナが50/50のＪＶとして設立し、トタルグループから８億ドルを導入して旧三星綜合化学を引き継いだ。
　1998年に五大財閥の構造調整案が策定され、当初は同じ大山に石化コンプレックスを持つ現代石油化学と三星綜合化学の統合が検討されたが、前提となる外資導入が難航して結局失敗、最終的に現代石油化学は第１系列をＬＧ化学、第２系列をロッテグループに売却され、三星はアトフィナとの50/50ＪＶとして再出発することとなった。

Platts 2006/11/14

Korea Samsung Total to expand benzene,PX units by mid-2009

South Korea's Samsung Total Petrochemicals Company (SPC) is looking to expand its benzene capacity at its No 2 aromatics reformer by 90,000 mt/year by mid-2009, company sources said Monday.

Alongside with the expansion of its No 2 aromatics reformer, the company's current 600,000 mt/year paraxylene plant will also be increased by 270,000 mt/year to 870,000 mt/year.

The sources added that after SPC's No 2 aromatics reformer expansion was completed, the benzene output will be fully channeled into its expanded styrene monomer plant. Following the company's increase of its SM plant capacity by 200,000 mt/year to 840,000 mt/year at the end of June next year, SPC will be short of almost 6,000mt of benzene each month until mid-2009, when the expansion of its No 2 aromatics reformer was completed.

Oct 17, 2007 (M2 EQUITYBITES via COMTEX)

Total announces start-up of new polypropylene production line at Daesan Plant in South Korea

Total, an oil and gas group, declared on 16 October that the new polypropylene production line at its Daesan plant in South Korea is currently online.

The new unit has a capacity of 300,000 tons per year, bringing the total polypropylene capacity of the plant, in which it owns a 50% interest in partnership with Samsung, to 554,000 tons per year.

In addition, the company has completed the expansion of the naphtha cracker, with the updating of the associated downstream units, boosting the ethylene capacity of the cracker from 600,000 to 820,000 tons per year.

The company also said one styrene monomer unit has been expanded from 380,000 tons to 600,000 tons per year, including the conversion of the ethylbenzene section from gas to liquid phase, and incorporating energy-efficient multi-effect distillation in the purification section. The styrene production in the Daesan facility is currently 850,000 tons per year.

According to Total, the Daesan facility expansion project will allow it to consolidate its commercial position in the Asian countries, in particular on the Chinese markets.

Oct 16 (Reuters)

French energy group Total on Tuesday announced the start-up of a new polypropylene production unit at South Korea's Daesan plant, which it jointly owns with Samsung Group.

The new unit, with a capacity of 300,000 tonnes per year, will bring the total polypropylene capacity of the plant to 554,000 tonnes per year, Total said in a statement, adding the expansion project would allow it to strengthen its position in Asia, and China in particular.

Total has recently completed an expansion of the naphtha cracker at Daesan, boosting its ethylene capacity to 820,000 tonnes per year, from 600,000 tonnes per year.

The Samsung Total Petrochemicals joint-venture was created in April 2003, with Total and Samsung each holding a 50 percent stake.

In June, the Korea Economic Daily said Samsung Total would invest another 400 billion won ($384.3 million) next year to raise its output capcity, and that it was considering building a production plant in the Middle East.

But Total Petrochemical, a unit of Total, denied this was the case.