About the company
Founded in 2014, Seowontech Co., Ltd., is an R&D-centered producer specializing eco-friendly materials and differentiated eco-friendly hybrid yarn (with 24 registered patents and 16 registered trademarks). In line with the global trends, Seowontech develops, produces and sells differentiated eco-friendly materials and offers tailored products to meet customer needs.
CEO Kee-Hoon Min, Plant 1, Plant 2
Background
The world is growing more interested in the eco-friendly textile market. Global fashion leaders are increasing the use of recycled materials after the announcement of the G7 Fashion Pact, which was released in time for the G7 Summit in 2019 to increase the share of sustainable materials to more than 50% by 2025 and to 100% by 2050. Eco-friendly products and recycling are themes that the fashion industry can no longer overlook. To keep in pace with the trend, Seowontech develops eco-friendly materials and processes and offers products that meet the needs of “good consumers” and “green consumers” who express their concerns for the planet through consumption.
About the product
Eco-friendly recycled materials
The sustainable and eco-friendly recycled polyester material is made from used plastic. Made through innovative processes, it saves energy and reduces CO2 emissions while offering various functions and ensuring high cost competitiveness. Unlike competitors, Seonwontech directly uses PET flakes of used plastic to produce eco-friendly recycled hybrid materials.
Differentiated eco-friendly stretch hybrid yarn produced through drawing and heat treatment
Seowontech develops, produces and sells differentiated eco-friendly stretch hybrid yarns produced with special drawing and heat treatment processes using two or more yarns. Seowontech maximizes the advantages of its products by developing new materials and diversifying their applications for differentiated sensitivity and various functions.
Competitive edge and business strategy
Based on its long list of R&D achievements, Seowontech is capable of manufacturing products that need customer needs, designing materials according to product development requests, developing and producing functional products customized to each customer. In case of eco-friendly manufacturing processes, Seowontech has the technology to recycle PET bottles and use them in apparels, shoes and industrial applications so as to turn used plastic into useful resources. Construction of the manufacturing plant is now completed, with plans to increase the capacity to 25,000 tons/day from July 2022.
Future plans
Development of eco-friendly Lyocell and medical materials
Lyocell is an eco-friendly material that is harmless to the environment and the human body. It produces no pollutants in the manufacturing process and is biodegradable. Seowontech plans to introduce a wet spinning system based on the government’s R&D support and through consistent R&D. Seowontech expects to create a new market by developing materials that have cross sections instead of conventional circular sections and show characteristics similar to those of natural fiber. Seowontech also expects to develop high value-added markets and increase sales by developing medical materials such as compression stockings and surgical threads.
Development of carbon fiber materials
Seowontech is capable of manufacturing hybrid functional materials and ultra-functional materials based on technologies obtained in the Lyocell R&D process. By developing various materials and technologies for producing products with various applications, Seowontech will gain competitiveness against major global players that are dominating the market. Seowontech aims to grow as a manufacturer of cutting-edge materials by expanding the R&D of carbon fiber and developing key materials used in aerospace and defense industries such as spaceships and missile launchers.
Seowontech is leading ESG management by refining technologies used in recycling resources. Currently, Seowontech is growing as the nation’s leading manufacturer of eco-friendly recycled materials and aims to emerge in the long-term as a global producer of cutting-edge materials based on consistent R&D.
By Kee-Hoon Min CEO (ceo@globalswt.com)
Seowontech Co., Ltd(www.globalswt.com)