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SK Innovation shifts to car batteries, chemicals
- June 5, 2017
- Posted by: ssr
- Category: Chemical
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SK Innovation shifts to car batteries, chemicals By Lee Hyo-sik SK Innovation is shifting its focus to car batteries and petrochemicals to strengthen its competitive edge and bolster its bottom line, the company CEO said Tuesday. Korea's largest refiner plans to increase its car battery production to capitalize on the rapidly growing electric vehicle segment, -
9 Korean firms join W1,000,000,000,000 profit club
- May 28, 2017
- Posted by: ssr
- Category: Chemical
9 Korean firms join W1,000,000,000,000 profit club By Jhoo Dong-chan Nine Korean firms joined the 1 trillion won ($879 million) profit club in the first quarter of this year. They are Samsung Electronics, SK hynix, POSCO, Shinhan Financial Group, Hyundai Motor, LG Display, SK Innovation, Korea Electric Power Corp. (KEPCO), and SK C&C. This compares -
Hanwha Chemical Q1 net more than triples on higher prices
- May 22, 2017
- Posted by: ssr
- Category: Chemical
Hanwha Chemical Q1 net more than triples on higher prices Hanwha Chemical Corp., a major chemicals firm here, said Thursday that its first-quarter earnings more than tripled from a year earlier, largely thanks to a rise in prices of its key products. Net profit reached a record 324 billion won ($287 million) in the January-March -
Lotte Chemical to invest W370b in facility expansion
- May 12, 2017
- Posted by: ssr
- Category: Chemical
Lotte Chemical to invest W370b in facility expansion Lotte Chemical Corp., a major chemicals firm here, said Wednesday that it plans to spend 370 billion won ($326 million) in expanding facilities in the country, to better meet demand and strengthen its product portfolio. Lotte Chemical decided to expand the output at its domestic plant that -
SK Innovation to improve further
- April 26, 2017
- Posted by: ssr
- Category: Chemical
SK Innovation to improve further SK Innovation widely beat market expectations in the first quarter and its earnings will improve further, said Kiwoom Securities on April 26, raising the target price to 240,000 won (US$212.67) from 220,000 won and maintaining a “buy” recommendation. Revenue increase across sectors on the back of oil price hike and -
SK Innovation adopts Turkish art for new ads
- April 19, 2017
- Posted by: ssr
- Category: Chemical
SK Innovation adopts Turkish art for new ads By Park Jae-hyuk SK Innovation's new advertisements expressed in the traditional Turkish art form of "ebru" have been the talk of the town. Better known as marbling here, ebru creates colorful patterns by sprinkling and brushing pigments onto a pan of oily water and then transferring the -
Lotte Chemical likely to report record-high profit in Q1
- April 14, 2017
- Posted by: ssr
- Category: Chemical
Lotte Chemical likely to report record-high profit in Q1 Lotte Chemical Corp., a petrochemical unit under South Korea’s fifth-largest conglomerate, may report a record-high profit in the first quarter, driven by the anticipated listing of Lotte Chemical Titan Holding in Kuala Lumpur, Malaysia, and the price hike of chemical products, an analyst said Tuesday. The -
SK’s ICT exports surges after hynix buyout
- April 10, 2017
- Posted by: ssr
- Category: Chemical
SK’s ICT exports surges after hynix buyout A landmark acquisition of a local chipmaker by SK Group five years ago has accelerated the growth of the group’s information and communications technology businesses, pushing their outbound shipments to surge 127-fold, the group said Sunday. “The ICT affiliates’ boost in sales has played a critical role in -
Korean petrochemicals firms accelerating overseas push
- March 30, 2017
- Posted by: ssr
- Category: Chemical
Korean petrochemicals firms accelerating overseas push South Korean petrochemicals firms, led by LG Chem Ltd., are seeking to diversify their export destinations and establish more overseas production facilities, in a bid to reduce their dependence on China, industry sources said Wednesday. According to the sources, LG Chem, the country's No. 1 player in the chemicals -
LG Chem rushing to reach global top 5
- March 23, 2017
- Posted by: ssr
- Category: Chemical
LG Chem rushing to reach global top 5 LG Chem is rushing to join the global top five chemical giants by expanding its investment volume to 2.76 trillion won ($2.44 billion) this year in equipment and facilities, the company said Sunday. This would be a whopping 40 percent growth from a year ago. The invested