Paint for the automotive OEM segment is the largest and accounted for 33 percent of sales. Decorative coatings accounted for just over eight percent; general industrial four percent; marine coatings 14 percent; powder coatings just over one percent; pre-coated metal nearly 19 percent; and the remainder of sales is not detailed. The company was formerly known as Kumkang Korea Chemicals Co., Ltd. and changed its name to KCC Corporation in March 2005. KCC Corporation is headquartered in Seoul, South Korea.
On the technology front, KCC’s Korepox EH2350 is a ship paint characterized by salt water and abrasion resistance as well as anti-corrosiveness. This paint is applied to steel structures such as tanks, pipes and warehouses that need long-term protection under extremely corrosive marine conditions.
Korepox EH2350 has been applied to more than 500 ships since its development in 1993. The product has passed all the tests required by PSPC (Performance Standard for Protective Coating) of IMO (International Maritime Organization) and obtained all other necessary certificates from classification societies in the U.S. (ABS), Britain (LR), Norway (DNV) and Japan (NK). In 2009 it won a World’s Best Product and Manufacturer award supervised by the Korea Productivity Department of the Ministry of Knowledge Economy.