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No new trade restrictions on Korean products reported in July
- August 23, 2017
- Posted by: ssr
- Category: Chemical
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No new trade restrictions on Korean products reported in July Lotte Chemical listed the shares of its Malaysian unit on the stock market there, raising about 1 trillion won ($870 million) in fresh funds, the company said Tuesday. Lotte Chemical Titan floated 2.38 billion shares on the Kuala Lumpur Stock Exchange, worth 4 trillion won. -
Kumho Petrochemical beefs up safety
- August 10, 2017
- Posted by: ssr
- Category: Chemical
Kumho Petrochemical beefs up safety Kumho Petrochemical has improved its facility safety and monitoring systems to provide eco-friendlier workplaces. Its factories in Yeosu, South Jeolla Province, and Asan, South Chungcheong Province, have renewed their accident-free records in line with company-wide efforts. "We have made safer and eco-friendlier working environments by improving our management system and -
LG Chem wins water treatment contract in Egypt
- June 19, 2017
- Posted by: ssr
- Category: Chemical
LG Chem wins water treatment contract in Egypt By Lee Min-hyung LG Chem has won an exclusive license to supply water treatment filters to a seawater desalination plant in Egypt, the company said Sunday. Under the contract with Dubai-based water management company Metito, LG Chem will provide reverse osmosis (RO) membranes for the plant, which -
SK Innovation shifts to car batteries, chemicals
- June 5, 2017
- Posted by: ssr
- Category: Chemical
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 -
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