In January this year, South Korea's Samsung General Chemicals Corporation developed a new type of pipe for high-pressure water and air pipes, which is considered to be one of the most durable and economical plastics and materials in the world. This new polyethylene material is classified as PE112 according to the International Standard Classification and can be used for more than 50 years. It costs 60% less than steel and is 30% cheaper than existing plastic pipes. The company has registered 11 patents for this material.
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