Founded in 1988 as the Petrochemical Division of

HDC Group HDC Group is a large Korean ''chaebol'' (conglomerate). It is active in a wide array of business fields including property, petrochemicals, retail, leisure, sports, and finance. The current chairman of HDC Group is Chung Mong-Gyu. History Hyund ...

, Hyundai EP signed technology transfer contract with Solvay Engineered Polymer in 1991, focusing on developing advanced technologies, and built a compounding factory in Dangjin in 1994 to start developing and producing automobile bumpers and interior materials. After the department's separation from HDC in January 2000, Hyundai Engineering Plastic was established and strived to pioneer an independent market. Hyundai EP is developing fast with 25% of average annual growth since its foundation in 2000. Hyundai EP has four Business Units (PP Compounding BU, PE Compounding BU, PS/EPS BU and PB-1 PIPE BU). The

Dangjin Dangjin () is a city in South Chungcheong Province, South Korea. It stands on the south shore of the Bay of Asan. Dangjin borders Incheon, Pyeongtaek, and Hwaseong by sea, and Seosan, Yesan, and Asan by land. Its name means "Tang ferry," and ...

factory produces super engineering plastic, which can replace metals, based on the company's accumulated technologies and experiences, while the Jincheon factory is focused on producing PE compound, which is used for rubber parts of automobiles and electric and electronic products, steel pipe coating and adhesion materials, construction pipes, and containers, etc. The

Ulsan Ulsan (), officially the Ulsan Metropolitan City is South Korea's seventh-largest metropolitan city and the eighth-largest city overall, with a population of over 1.1 million inhabitants. It is located in the south-east of the country, neighboring ...

factory of Hyundai EP has EPS and PS production lines, and the

Jochiwon Jochiwon () is a town located in Sejong City, South Korea. Jochiwon is located in South Chungcheong Province. As of 2011, Jochiwon has a large foreign community consisting of native English speakers considering its rather small size and populatio ...

factory, after acquiring the construction material department from PEM Korea, develops and produces PB pipe, which is great for energy saving. Meanwhile, having taken the top market share in the automobile PP compound market, with 25% of average annual growth rate, Hyundai EP creates more enriched future with ceaseless challenge even in the top position. Hyundai EP is building a global network of manufacturing bases connecting

Nagoya is the largest city in the Chūbu region, the fourth-most populous city and third most populous urban area in Japan, with a population of 2.3million in 2020. Located on the Pacific coast in central Honshu, it is the capital and the most pop ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Suzhou Suzhou (; ; Suzhounese: ''sou¹ tseu¹'' , Mandarin: ), alternately romanized as Soochow, is a major city in southern Jiangsu province, East China. Suzhou is the largest city in Jiangsu, and a major economic center and focal point of trade ...

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

, and

Dafeng Dafeng () is a coastal district under the administration of Yancheng, Jiangsu province, China. Located on the Jiangsu North Plain with a coastline of , Dafeng was historically one of the largest salt-making areas in China and now is famed for its ...

, in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

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Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

india India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. In addition, through the partnership with LyondellBasell, the company is striving to expand the market to

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

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Alabama (We dare defend our rights) , anthem = "Alabama (state song), Alabama" , image_map = Alabama in United States.svg , seat = Montgomery, Alabama, Montgomery , LargestCity = Huntsville, Alabama, Huntsville , LargestCounty = Baldwin County, Al ...

and

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

, US. With continuous research and development for the last 25 years and discovery of domestic and international markets, Hyundai EP has won several Export Awards such as 10 Million Dollars in 2007, 50 Million Dollars in 2008, 70 Million Dollars in 2010, 200 Million Dollars in 2011. Also in 2012, Hyundai EP was awarded the 'IR 52 Jan Young-Sil' with 'Cloth Looking Filler Trim'.

See also