Byucksan, Investment of KRW22 Billion to Launch a Market Strategy for Nonorganic Insulation System

2019.01.07

        

Byucksan, Investment of KRW22 Billion to Launch a Market Strategy for Nonorganic Insulation System

- Securing an annual production capacity of 60,000 tons by promoting investment in mineral wool facilities
 - Prospects for various market demands, including construction, industry, and shipbuilding, such as fire protection and external insulation

Integrated Building Materials Company Byucksan (CEO Sungshik Kim) recently decided to invest 22 billion won worth of mineral wool facilities and is launching a market strategy for nonorganic insulation system.

In recent years, a series of large fire accidents at home and abroad and casualties from smoke and toxic gases have led to a growing social awareness of fire safety and interest in noninflammable insulation systems. As a result, Byucksan is expected to push for investment in mineral wool facilities in Yeongdong Plant, Chungcheongbuk-do, increasing its current production capacity by tons annually to 60,000 tons and has recently completed the expansion of Glass Wool No.2 production line and secured an annual production capacity of 70,000 tons to strengthen its firm position in the noninflammable insulation system market, which is showing continuous growth.

Mineral wool is a noninflammable insulation system that has steady demand in various markets, including shipbuilding, industrial, construction, paneling, and agriculture, and the fire door market and external insulation market are expected to grow in light of the tightening of government fire safety standards.

Not only does mineral wool have excellent thermal and thermal effects due to its low thermal conductivity, but it is also attracting attention as an eco-friendly material with GR (Good Recycled Product) certification mark, and environmental marker certification by applying resource circulation technology from the manufacturing stage.

Byucksan CEO Sungshik Kim said “There has been a lot of interest and awareness in fire safety and energy conservation throughout society recently. We will be able to strengthen our position not only in Korea but also in overseas markets by preemptively targeting noninflammable insulation markets through investment in mineral wool facilities of the Yeongdong Plant.”

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No DATE MEDIA HEADLINE
1 Jan. 8 Korea Land Daily Byucksan, Investment of KRW22 Billion to Launch a Market Strategy for Nonorganic Insulation System
2 Jan. 7 The Maeil Ilbo Byucksan, Investing KRW22 Billion in Yeongdong Plant, Chungbuk
3 Jan. 7 Construction Times Byucksan, Starting its Strategy on Nonorganic Insulation System Market
4 Jan. 7 Today Energy Byucksan, Starting its Strategy on Nonorganic Insulation System Market
5 Jan. 7 Asia Times Byucksan, Investment of KRW22 Billion to Launch a Market Strategy for Nonorganic Insulation System
6 Jan. 7 Financial News Byucksan, Investing KRW22 Billion in Yeongdong Plant, Chungbuk...Starting its Strategy on Nonorganic Insulation System Market
7 Jan. 7 eToday Byucksan, Investing KRW22 Billion in Yeongdong Plant, Chungbuk...Starting its Strategy on Nonorganic Insulation System Market
8 Jan. 7 The Construction Economic Daily Byucksan, Investment of KRW22 Billion to Launch a Market Strategy for Nonorganic Insulation System
9 Jan. 7 Asia Today Byucksan, Investing KRW22 Billion in Mineral Wool of Yeongdong Plant, Chungbuk
10 Jan. 7 e2News Byucksan, Investing KRW22 Billion in Mineral Wool Facility, with Strategies for Nonorganic Insulation System Market