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Hansol Paper enters into license agreement with Smart Planet Technologies for EarthCoating technology

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Hansol Paper enters into license agreement with Smart Planet Technologies for EarthCoating technology

October 15, 2015 - 20:24

SEOUL, South Korea , Oct. 1, 2015 (Press Release) -Hansol Paper announced today it has entered license agreement with Smart Planet Technologies. Under the agreement, Hansol Paper plans to offer barrier-coated paperboards using EarthCoating technology, a mineralized barrier coating applied to its Duplex Board materials.

The EarthCoating mineralized resins are innovative, high performance coatings, which contain less plastic than traditional low-density polyethylene coatings. EarthCoating resins are heat-sealable, engineered for recyclability, FDA Compliant for food contact, and provide an excellent print surface.

Mr. Sang-Hun Lee, CEO of Hansol Paper: "Since the declaration of Hansol Environmental Charter in 1993, Hansol Paper has taken the lead in adoption and early settlement of a green management framework. Consistent with our Vision 2020 master plan, Hansol looks to expand development of eco-friendly product lines." Offering EarthCoating, Hansol plans to continue expanding its offering of more eco-friendly solutions including high-performance coated duplex board for their markets.

At a later date, Hansol Paper plans to announce commercial availability of its Duplex Board product lines specific to end-use applications using various formulas of EarthCoating barriers.

About Hansol Paper

Hansol Paper is the largest subsidiary of the Hansol Group. The company was spun from the Samsung family in 1991. Having operated for over 50 years, Hansol Paper is Korea's largest paper manufacturing company with annual revenues over USD 2 billion and total assets of USD 3 billion as of Dec 2013. Hansol Paper has made strategic plant and equipment investments and recently has become one of the top 3 thermal paper manufacturer's with a global outreach.

Annually, Hansol Paper is producing approximately 2.3 million tons of Printing & Writing Paper, Duplex Board, Container Board, Specialty Paper, Thermal Paper and specialty technical paper grades.

Hansol Paper has strategically grown to become a leading, global paper manufacturer. Hansol Paper exports more than 50% of its products to world-wide markets. Its mid-term goal is to generate sales revenue of USD 3 billion by 2016 through differentiated, value-added products and services.

About Smart Planet Technologies

Smart Planet Technologies is a packaging technology company with intellectual property focused on advancements in sustainability for the packaging industry. Its innovative technologies are engineered to conserve precious natural resources and provide high quality, environmental alternatives across a wide variety of packaging applications. EarthCoating is a registered trademark of Smart Planet Technologies.