OCI company PR data are provided.
The main businesses of OCI are Basic Chemical, Petro Chemicals & Carbon Materials, and Energy Solution. Basic Chemicals consist of Polysilicon, the key material of solar cell, hydrogen peroxide for households and industrial raw materials, and fumed silica. Petro Chemicals & Carbon Materials business includes carbon black, the tire reinforcing and coloring material, pitch which is the basic material for aluminum process and benzene, used as key material in the chemical industry. For the energy solution business, solar PV business is the eco-friendly energy which protects the environment and earth.
In 2016, OCI recorded the sales of 3,631.6 billion won and operating profit of 284 billion Won on a consolidated basis. OCI is overcoming the recent crisis with cost innovation and customer intimacy management as the global solar power industry has entered a restructuring period during the past few years. We continue to secure and promote sustainable growth engines through choose and focus strategy on a reasonable level without harming the financial soundness of the company.
Established in 1959, OCI entered the inorganic chemical industry by producing soda ash and then, expanded into fine chemistry and petro & chemical industry. Since 2008, the company started the polysilicon business which is the core material of solar PV business. In 2012, the company aimed to become the global leading green energy company by expanding into the solar PV business.
OCI produces the highest quality products customized to the customer needs and provides rapid customer service by expanding the production facilities and local sales agencies around the world. As of 2018, OCI runs 32 business sites in eight countries around the world and provides services in more than 100 countries.
As a global leading manufacturer of polysilicon for solar PV generation, OCI provides 10-nine ultra high purity polisilicon worldwide to China, Korea, US, Asia and Europe. OCI also produces hydrogen peroxide, the raw material for commodities like detergents and fumed silica for various industrial uses.
Acquiring a polysilicon plant in Malaysia in May 2017, OCI secured an additional production capacity of 20,000 tons at a reasonable cost. The polysilicon plant in Malaysia has cost competitiveness due to cheap electricity costs and various advantages as a global production base. Based on the Gunsan plant and Malaysia plant, OCI plans to start a two-track strategy that will be responsible for customer satisfaction.
Against a backdrop of its success in the petrochemical and carbon materials sectors in Korea, OCI operates production bases in China and is actively conducting marketing campaigns for carbon black, pitch, and BTX to the global market.
Based on the experience of more than 600MW of solar power business accumulated in the US and China since 2012, OCI plans to focus on the Korean market in 2018, setting its sights on building high-quality solar power plants of more than 50 MW. The company is seeking to enter the emerging markets such as south-east Asia and African market in the future.
In response to the government's policy to expand the use of renewable energy, OCI has expanded its IPP business into an one-stop service business that provides not only IPP, but also EPC and O&M using its \ 130 billion OCISolar PV Fund. In 2017, OCI installed a solar power plant of 8MW in Korea and is actively expanding its business with the goal of installing Solar power plants of 50 MW by 2018.
OCI R&D Center aims to develop differentiated new technology and technology oriented new business to meet the needs of the customers and the market. With our outstanding researchers through the industry and academic collaboration, cooperation between companies and accomplishing government projects, we are contributing to the humankind and leading the development of the eco-friendly cutting edge chemical technology.
OCI aims to become a global leading green energy and chemical company based on its core values: Chance, Challenge and Change to create an organization culture where employees can fully develop their capabilities and creativity.
OCI pursues sustainability management where customers, stakeholders, investors, government, local community, partner companies and all the employees grow together.
OCI is committed to systematic and sustainable improvement for the establishment of more mature Safety, Health & Environment management system. In this respect, the company recognizes SH&E as the key elements of the business management and conducts SH&E improvement activities based on 3P Principles: Priority, Positive and Partnership. All our employees consider the SH&E as the top priority for their work and operators actively participate in the improvement activities so that field based environment safety is achieved successfully.
OCI recognizes the employees as partners for the mutual development and provides job based learning programs and career development opportunities so that they can grow into professional global leaders.
OCI is conducting Solar School Projects as we donate solar PV systems to elementary schools. We have 1004 (angel) volunteer activities where all employees participate voluntarily and are making various efforts in the areas of social welfare, regional community, culture and arts in order to fulfill our social responsibilities and obligations to the humanity and our communities to become a company trusted by all its members.
OCISolar EnergySolar Energy Video
In 2015, OCI recorded sales of 2,300 billion won through the sales of basic chemicals as well as petrochemical and carbon materials. We are a global leading green energy and chemical company, where approximately 4,016 employees work in 28 sites located worldwide in 8 countries such as the US, China and Korea. Exports account for over 60 % of total sales.
Established in 1959, OCI entered the inorganic chemistry industry by launching a soda ash production plant and later expanded its business portfolio by diversifying into coal based and other basic chemicals. In 2008, OCI entered the polysilicon business, a key substrate for the solar PV cell. This project was pioneered in an effort to expand into the renewable energy sector and to grow as a company, providing a green energy solution for the world. In 2012, OCI advanced into the solar PV generation market in the US and Korea. OCI has also made headway into the world’s largest solar energy generation market, China in 2015. OCI is the first Korean company to enter the Chinese solar PV generation market.
OCI provides raw materials for products used in daily life as well as industrial materials and energy based products. OCI runs its business in three areas, Basic chemicals, Petrochemical & carbon materials and Energy solutions. In particular, the company is actively expanding our environmentally friendly green energy business by producing polysilicon, solar energy generation projects, and cogeneration plants.
OCI is overcoming the recent global economic recession and the solar energy industry restructuring period by having instituted emergency management measures for the past several years. However, we continue to pursue sustainable growth engines through a prudent selection process and a strategy that is focused on a reasonable level of risk management as to not damage the financial soundness of our company.
In order provide prompt service and meet the needs of our customers, OCI is expanding its production facilities and local sales subsidiaries all over the world. The company is operating more than 28 production sites in 8 countries and is engaged in providing its services in more than 100 countries.
As a world leading manufacturer of polysilicon for solar cells, OCI has been providing some of the ultra pure polysilicon (over 10 Nine) all over the world including markets in China, USA, Asia, and Europe as well as Korea since 2008. OCI also produces peroxide, the raw material for daily products such as detergents in addition to fumed silica, which has a variety of uses as an industrial raw material.
PETRO CHEMICALS & CARBON MATERIALS
Despite the decline and uncertainty in the petro/coal chemical market, OCI has actively marketed our products: carbon black, BTX, and pitch and successfully operated overseas production site in areas such as China based on our success in the domestic market.
ENERGY SOLUTIONS - SOLAR ENERGY
The company is focusing on energy solution business by solar power generation and cogeneration plants, which are considered as the new future growth engine. We are targeting to achieve 20% of OCI’s total revenue from these energy solutions. The ‘Alamo Project’ is the largest solar power generation project in the U.S.A. We aim to develop and construct a 400MW solar power plant in San Antonio, Texas. OCI won this contract in 2012, and the project will be completed this year. OCI has been also actively developing new solar power generation projects around the world in markets such as China, Mexico, Korea and will make more effort on developing emerging market such as India, and Africa.,
ENERGY SOLUTIONS - COGENERATION PLANT
OCI starts to run the cogeneration plants to supply energy from eco-friendly utilities to enterprises in the Saemangeum industrial complex. This complex will become an economic hub of Asia. A total of 550 billion won have been invested as a first step to contribute to the local economy. The plant is expected to generate annual sales of KRW 200 billion beginning from 2017.
OCI’s R&D Center is comprised of many outstanding research members. The R&D Center researches technology-intensive and high-valued products as well as cutting-edge industrial technologies of the future. In line with the corporate mission to develop differentiated new technologies, the company seeks to develop new products that will meet the needs of the customer and market.
OCI aims to become a global leading green energy and chemical company based on its core value: Chance, Challenge and Change.
OCI focuses on sustainable growth, its core business, talent development, customer-oriented management and social responsibility as part of the main strategies to achieve its vision.
01. Sustainable growth
OCI aims for ‘Sustainable growth’, while abiding by its 6 core principles: Strategic alliance, Environmentally-friendly management, Safety and Health management, Risk management, Sharing growth, and Corporate Social Responsibility. OCI will continue its efforts to achieve a profitable sustainable management system.
02. Focus on core business
OCI’s global competitiveness is derived from our strategy that emphasizes focus on our core capabilities. By using our accumulated technology & know-how as a foundation, OCI is forging ahead in the following business segments: polysilicon, carbon black, TDI, solar power generation, and cogeneration plants. OCI continues to make important progress in nurturing new growth engines.
03. Talent development
The driving force behind OCI’s sustainable development and growth is the global talents working at OCI. The company strives to create an organizational system and culture based on enhancing the capability of our employees through cultivating talented human resources, recruiting globally, and dispatching employees overseas.
04. Customer-focused management
In recent times, global competition has intensified, due to the move away from a supplier-driven market to a customer-led, market. In order for OCI to continue growing in such a market, OCI endeavors to maximize the value of our customers and respond to their needs swiftly by establishing production sites in close proximity of our customers.
05. Corporate social responsibility
In order for OCI to fulfill its social responsibilities and obligations to humanity and to our community, we provide educational scholarships, social welfare, promote cultural art, and contribute to community development projects. Between April 2011 and March 2016, OCI will move forward with the Solar School Project to provide solar energy generators to over 300 primary schools in Korea, in addition to providing solar energy facilities and education support for a mountain hill-town in Nepal.
OCISocial ContributionAug 19 2014
OCISolar ProjectNEPAL SOLAR PROJECT
OCICogeneration PowerCogeneration Power Video