On November 4th, our company introduced the world's first polymerized new material polyketone in the foreign media news center. Compared with nylon, polyketone has an excellent impact resistance of 2.3 times. When it is exposed to chemicals such as calcium chloride, it retains its original form properties (chemical resistance) by 30% or more, and its wear resistance is stronger than the original material. More than double.
In the past 10 years, our company has invested 50 billion won in research and development expenses, based on its own technology, the world's first successful development of high-performance new material polyketone. Our company has registered 133 patents in Korea and 27 new substances (polyketones) in the United States, Europe, China, Japan and other overseas countries. In 2012, we built a polyketone polymerization facility with an annual capacity of 1,000 tons in Ulsan, mass-produced polyketone materials, and obtained engineering data required for commercial production.
Our company is the first company in the world to develop new polymer materials. The success of this material development allows us to create a direct added value of approximately 1 trillion won on materials that can be replaced with polyketones by 2020, and if it includes front and rear businesses such as parts and finished products using polyketone materials, The value will reach at least 10 trillion won.
In the past 10 years, our company has invested 50 billion won in research and development expenses, based on its own technology, the world's first successful development of high-performance new material polyketone. Our company has registered 133 patents in Korea and 27 new substances (polyketones) in the United States, Europe, China, Japan and other overseas countries. In 2012, we built a polyketone polymerization facility with an annual capacity of 1,000 tons in Ulsan, mass-produced polyketone materials, and obtained engineering data required for commercial production.
Our company is the first company in the world to develop new polymer materials. The success of this material development allows us to create a direct added value of approximately 1 trillion won on materials that can be replaced with polyketones by 2020, and if it includes front and rear businesses such as parts and finished products using polyketone materials, The value will reach at least 10 trillion won.