HomenewsChemical

  • Lotte Chemical to invest W370b in facility expansion

    • May 12, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    industry-406905_640
    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
    read more

  • SK Innovation to improve further

    • April 26, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    Petrochemical plant at night, oil and gas industrial
    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
    read more

  • SK Innovation adopts Turkish art for new ads

    • April 19, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    sk-inno-740(0)
    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
    read more

  • Lotte Chemical likely to report record-high profit in Q1

    • April 14, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    20170411000975_0
    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
    read more

  • SK’s ICT exports surges after hynix buyout

    • April 10, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    20170409000164_0
    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
    read more

  • Korean petrochemicals firms accelerating overseas push

    • March 30, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    20170329000562_0
    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
    read more

  • LG Chem rushing to reach global top 5

    • March 23, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    Petrochemical plant at night, oil and gas industrial
    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
    read more

  • Lotte Chemical to beat Q1 market estimates

    • March 14, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    Oil refinery factory at twilight with sky background.
    Lotte Chemical to beat Q1 market estimates [THE INVESTOR] Lotte Chemical’s operating profit in the first quarter will beat market expectations, said Cape Investment and Securities on March 8. Its operating profit in the first quarter will surge 86 percent on-year to 880 billion won (US$76.48 million), said analyst Lee Ji-yeon. The improved spread of
    read more

  • Chemical companies to pay record taxes

    • March 5, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    smoke-258786_1280
    Refiners, chemical companies to pay record taxes on stellar performance SEOUL, Feb. 22 (Yonhap) -- South Korea's oil refiners and chemical companies are expected to pay a record amount in corporate taxes for their 2016 business performance, as their bottom lines improved sharply, industry sources said Wednesday. Last year, SK Innovation Co. and the country's
    read more

  • LG Chem eyeing global top 5 chemical firm

    • March 1, 2017
    • Posted by: ssr
    • Category: Chemical, Uncategorized
    No Comments
    1396921731_43020
    LG Chem eyeing global top 5 chemical firm LG Chem is seeking to establish itself as one of the top five chemical firms of the world, enhancing its capabilities and bracing for the future business environment. To do so, the nation's leading chemical company plans to invest 2.76 trillion won ($2.43 billion) to boost its
    read more