According to overseas media reports. An investment group consisting of SJL Partners LLC, KCC and Wonik completed its previously announced acquisition of Moto, a global silicone and advanced materials company, on May 15th, and Momentive became a wholly-owned subsidiary of the investment group. No financial terms have been disclosed at this time. Under the terms of the transaction, the outstanding and outstanding common shares held by Momentive shareholders received $32.50 in cash per share. The completion of this transaction marks KCC Group as the world's fourth largest and Asia's second largest specialty silicone manufacturer!


In 2019, KCC Group has become Korea's largest manufacturer of coatings and building materials, ranking third in Asia and ninth in the world. The products are widely used in automobiles, ships, containers, industry, color steel and construction industries. The annual output reaches 150,000 tons of paint and 400,000 tons of synthetic resin, and the total number of employees is more than 5,000. KCC has 13 factories and a construction company in Korea, among which the factory in Ulsan ranks first in the world. It has wholly-owned enterprises in China, Singapore and Malaysia, and has processing companies in the Americas and Europe.


The opportunity for KCC Group to enter the silicon industry happened to be in 2000. After the first successful commercialization of silicon in 2004, KCC Group plans to develop silicon manufacturing technology into the company's largest pillar industry in the next 50 years and become the world's four largest silicon manufacturers.


Since 2006, KCC Group has started to develop derivative products based on silicon materials, such as silicone for cosmetics, for domestic and foreign cosmetics companies. According to projections, KCC Group ranks fifth in the global market for cosmetic silicon with annual sales of 1.3 trillion won. Driven by the Korean whirlwind, the KCC Group's silicon industry has become more promising. The head of the KCC Group said: Looking ahead, global oil prices will continue to rise or will continue, and silicon will replace the position of petrochemical products in the market. South Korea lacks natural resources and should concentrate its medium in the precision chemical industry of silicon.