PolyMirae recently secured the highest ‘P’ grade in the Process Safety Management (PSM) audit conducted by the Ministry of Employment and Labor, reaffirming the company’s outstanding safety management standards.

PSM is a government-led evaluation system designed to prevent major industrial accidents by assessing the safety systems and operational levels of various industrial sites. The evaluation is conducted every four years and grades are assigned in four levels: [P/S/M+/M-]. Notably, the ‘P’ grade is awarded to only about the top 10% of evaluated companies, reflecting their superior safety management systems and operational performance.

This achievement is the result of the continuous efforts of all PolyMirae employees, who prioritize “Safety First” and have been consistently developing and operating advanced safety management systems. The company upholds a strong safety management commitment guided by the principle of “Safety First, Safety Second, and Safety Third,” embedding a robust safety culture throughout its organization.

The recent PSM audit results serve as further evidence that PolyMirae considers safety a core value in its business operations, demonstrating its establishment of a globally recognized safety management system.

From October 21 to 25, 2024, PolyMirae held a 5-days overseas training program for 20 outstanding employees, visiting the SunAllomer Oita Plant in Japan. This program served as a meaningful exchange, allowing both companies to share best practices in safety initiatives and investment strategies for safer plant environments.

SunAllomer provided PolyMirae employees with an invaluable opportunity to tour various operational sites, including the Control Room, main plant facilities, and laboratories. This experience enabled our team to observe SunAllomer’s advanced equipment and exemplary safety management practices firsthand, offering insights to compare and apply to PolyMirae’s own sites.

PolyMirae is committed to continuously offering overseas training programs for our employees, fostering motivation and global benchmarking opportunities. Through these efforts, we aim to strengthen our organization’s competitiveness and enhance the skills and capabilities of our team.

On October 10 and 15, PolyMirae held a company-wide workshop, under the theme “WoW (Way of Working), PolyMirae.” This workshop brought together CEO Mitchell Killeen, Directors, and the HR team leader to share insights with all employees about PolyMirae’s current standing, long- and short-term management plans, and strategies for sustainable growth. This workshop served as a key milestone in building a PolyMirae’s way of working to foster a stronger and brighter future for PolyMirae, following the "Shaping a Better Future" vision established last year.

CEO Mitchell Killeen highlighted PolyMirae’s strengths and achievements in navigating challenging market conditions and encouraged everyone to remain confident in our role in shaping a sustainable future in the global market. He also emphasized the importance of taking pride in our advanced technology, the robust support of our innovative stakeholders, and our expansive global sales network and partnerships, which solidify our position as the leader in Korea's PP market. He encouraged each employee to remain committed to their role in seizing new opportunities and driving better results.

HR Team Leader Mr. JG Lee shared the results of a company-wide employee survey conducted to define "New Way of Working(WoW) at PolyMirae" as part of the workshop preparations. He presented a detailed analysis of employee feedback on work efficiency, areas for improvement, and priorities for change and innovation. He emphasized that understanding our organizational culture is essential to establishing an effective way of working and that fostering such understanding is key to building a truly united “One Team” that collaborates and communicates seamlessly.

This workshop was very meaningful in that the CEO and directors presented and communicated directly to all employees about PolyMirae's business plans, past performance, innovation strategies, and ongoing investment roadmap.

Following last year’s establishment of new values and strategies under the vision of “PolyMirae, Shaping a better future” this year’s workshop laid the foundation for defining PolyMirae’s new way of working to help all employees come together as one team in achieving our collective goals.

PolyMirae will continue its efforts to build a sustainable “better future” through continuous innovation and change. In addition, by reflecting new vision and core values in organizational culture and talent development, PolyMirae will strive to continuously increase the engagement and authority of employees.

PolyMirae has achieved 15 times of Accident-free milestone (4,500 days / 15 times-300 days multiple) as of July 31, 2024. On this day, CEO Mitchell Killeen visited the Yeosu plant in person and encouraged the staff and GJ Lee (Plant Manager) for their remarkable achievement.

In addition, CEO Mitchell Killeen asked staff to use this achievement as motivation to continue our commitment to safety and operational excellence. He also emphasized ‘Restart the 1st day!’, saying that our next goal is not just to maintain this record but to continue to improve and innovate in our safety practices.

PolyMirae will continue to strive to maintain a safe workplace to lay the fundamental cornerstone for ‘Sustainable Growth’ and ‘Profitable Innovation’.

On June 20, PolyMirae celebrated the 15th Global Safety Day alongside LyondellBasell sites worldwide, holding a series of programs designed to enhance employee safety awareness and emphasize the importance of safety. This year’s event focused on “identifying on-site safety hazards and fostering a proactive safety culture” and “enhancing active safety awareness through hands-on experience with various risk factors.”

In the morning, all PolyMirae employees gathered for a Safety Pledge Ceremony to reaffirm our commitment to achieving PSM “P” Grade. Following the ceremony, we visited Korea’s largest safety experience facility, the KOSHA Yeosu Safety Experience Center, to participate in hands-on safety activities. The afternoon included a company-wide emergency response drill with exercises in firefighting, rescue, and first aid, as well as a "Safety Video Contest," where employees shared their thoughts on safety in video format.

This Global Safety Day and emergency response drill offered a valuable opportunity to revisit why safety must remain our top priority and reinforced our commitment to putting safety into practice. PolyMirae will continue to place safety as a core value, inspiring all employees to uphold a strong safety mindset and providing a secure work environment.

Town hall meeting with Mr. Gil-Soo Kim, President of DL Chemical

On June 20, PolyMirae invited Mr. Gil-Soo Kim, President of DL Chemical, a shareholder of PolyMirae, to hold a town hall meeting with PolyMirae employees on the topic of DL Chemical's POE success story and innovation in general.   PolyMirae has been inspired by what we have observed on our shared sites in Yeosu and indeed the speech of Mr. Kim has certainly inspired the PolyMirae team to continue and redouble our innovation efforts.

Mr. Kim acknowledged the exceptional track record of PolyMirae, so we should continue our proven success, and he offered some wonderful advice for our continued success in a changing and challenging market environment. 

Mr. Kim likened DL Chemical's recent success in developing POE to Chinese four-character idiom (교토삼굴, 狡兎三窟), It means that a smart rabbit digs three burrows.  It means that you prepare wisely and keep open and agile to new directions. Mr. Kim said that DL Chemical's success was achieved through the collaboration and efforts of all employees who are ever open to various directions and possibilities in response to the difficult market environment. He also told PolyMirae employees that the most important things for success in everything are;

1. 格物致知(격물치지, Constant Learning): You should constantly explore and accumulate wisdom to understand the reason of things,
2. 窮則通 (궁즉통, Constant Changes): In difficult situations, something can only be achieved through change.
3. 不狂不及 (불광불급, Constant Commitment): If you are not committed to something, you can't accomplish anything,
4. 協業 (협업, Collaboration): Collecting the wisdom of all employees through amicable relationships and collaboration. 

"Looking back on my experience, there was not a thing that I could achieve by just knowing the theory," Mr. Kim said, emphasizing that to succeed in everything, it is important for all employees to constantly study, change, and be engaged to drive the performance.

Mr. Mitchell Killeen, CEO of PolyMirae, thanked Mr. Kim and said that a key role as CEO of PolyMirae is to constantly work with both LyondellBasell and DL Chemical to derive the best outcomes for PMC and its customers.  PolyMirae is fortunate to have two such capable and inspiring shareholders and asked for the continued active support and cooperation of both for the sustainable growth and innovation of PolyMirae in the future.