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DL Chemical plant at Yeosu Industrial Complex. (Photo = DL Chemical) |
[Alpha Biz= Paul Lee] Seoul, September 22, 2025 – DL Chemical is reviewing the potential sale of its Singapore-based petrochemical subsidiary Cariflex as part of ongoing restructuring efforts.
Parent company DL announced in a regulatory filing on September 22: “Our subsidiary DL Chemical is considering various measures, including the sale of Cariflex, to improve its financial structure. However, no specific decisions have been finalized at this stage.”
DL Chemical acquired Cariflex from U.S.-based Kraton in 2020 for KRW 620 billion (approx. USD 460 million). Cariflex is a global leader in anion catalyst-based synthetic rubber and latex production, with strong market share in synthetic rubber used for surgical gloves.
In 2024, Cariflex reported KRW 239.7 billion in revenue and KRW 25.5 billion in net profit.
The contemplated sale underscores DL Chemical’s efforts to streamline operations and bolster its financial position amid restructuring.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
