SK Chemicals said yesterday the automobile sector is becoming an alternative market for chemical firms at a sluggish time in the industry.
The company said its sales of chemical materials for vehicles jumped by 15 percent on-year to 21.7 billion won ($19 million).
It saw sales of Skynova, a sound-absorbing material used in the floor of cars and as an engine cover, grow by more than 30 percent on-year, the company said. Overseas sales accounted for 60 percent of the material’s total revenues, which stood at 14.8 billion won in Q2.
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