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Korean petrochemicals firms accelerating overseas push
- March 30, 2017
- Posted by: ssr
- Category: Chemical
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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 -
Lotte Chemical to beat Q1 market estimates
- March 14, 2017
- Posted by: ssr
- Category: Chemical
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 -
Chemical companies to pay record taxes
- March 5, 2017
- Posted by: ssr
- Category: Chemical
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 -
LG Chem eyeing global top 5 chemical firm
- March 1, 2017
- Posted by: ssr
- Category: Chemical, Uncategorized
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 -
Lotte gears up for more M&A deals
- January 23, 2017
- Posted by: ssr
- Category: Chemical
Lotte gears up for more M&A deals [THE INVESTOR] Lotte Group, South Korea’s fifth-largest conglomerate, is rekindling merger and acquisition activities to get its business back on track after being hit by a slush fund scandal and power struggle involving the chairman last year. In its latest move, Lotte Chemical launched a takeover bid for Singapore petrochemical -
SK global chemical acquires 13% stake in LTC
- December 6, 2016
- Posted by: ssr
- Category: Biotechnology, Chemical, Economics, Finance & accounting
SK global chemical acquires 13% stake in LTC [THE INVESTOR] SK global chemical announced on Dec. 2 that it has acquired 12.98 percent stake in chemical company LTC. LTC has the largest market share in chemical solutions for semiconductor flat panel display worldwide, and in 2015 posted 76.4 billion won (US$65.52 million) revenue with 8 -
SK chief seeks new biz model in Middle East
- November 25, 2016
- Posted by: ssr
- Category: Chemical
SK chief seeks new biz model in Middle East By Lee Hyo-sik SK Group will work closer with its business partners in the Middle East to find new growth models for the post-oil era, Korea's third-largest conglomerate said Thursday. The group plans to share its knowhow and expertise in wireless communications, semiconductor and other industries -
Hyundai Chemical’s mixed-xylene plant starts operations
- November 17, 2016
- Posted by: ssr
- Category: Chemical
Hyundai Chemical's mixed-xylene plant starts operations Hyundai Oilbank said Tuesday that its Hyundai Chemical plant, a newly built joint-venture with Lotte Chemical, has begun to produce mixed-xylene (MX),. MX is a mixture of benzene, toluene and xylene and is used to produce polyester, PET and gasoline additives. The plant in Seosan, South Chungcheong Province, will