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SK Group’s exports exceed domestic sales in 2017
- February 4, 2018
- Posted by: ssr
- Category: Chemical
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SK Group's exports exceed domestic sales in 2017 SK Group said Sunday the proportion of exports in its total sales reached a record high last year, on the back of the brisk performance of its energy and chip businesses. South Korea's third-largest business group booked combined sales of 139 trillion won ($127.9 billion) in 2017. -
LG Chem to invest W300b in petrochemical facilities
- January 1, 2018
- Posted by: ssr
- Category: Chemical
LG Chem to invest W300b in petrochemical facilities LG Chem will invest a total of 300 billion won ($278.6 million) to expand its petrochemical facilities in Yeosu, South Jeolla Province, the company said Tuesday. With the investment, the company plans to increase the annual production capacities of crude acrylic acid and super absorbent polymer by -
Petroleum refinery industry increasing investment, diversifying portfolio
- December 25, 2017
- Posted by: ssr
- Category: Chemical
Petroleum refinery industry increasing investment, diversifying portfolio South Korea's petroleum refinery industry is making large scale investments and diversifying their portfolios amid solid growth this year, market watchers said Monday. Observers said that the move comes as companies want to capitalize on recent gains and better insulate themselves from uncertainties going forward. S-Oil Corp., which -
SK completes acquisition of Dow Chemical packaging business
- December 18, 2017
- Posted by: ssr
- Category: Chemical
SK completes acquisition of Dow Chemical packaging business SK Global Chemical on Friday completed its acquisition of Dow Chemical’s packaging product business, the company said in a statement Monday. SK Global Chemical, the chemical unit of SK Innovation, signed a deal with Dow Chemical to acquire the US chemical firm’s polyvinylidene chloride (PVDC) unit in -
SK Chemicals to adopt holding company structure
- November 30, 2017
- Posted by: ssr
- Category: Chemical
SK Chemicals to adopt holding company structure SK Chemicals, the chemicals and biopharmaceutical arm of South Korea’s SK Group, will officially take on a holding company structure from Friday, marking the biggest structural change for the company since its foundation 48 years ago. SK Chemicals will be split into a holdings company and a business -
SK-Sinopec joint venture to invest W740b to raise production capacity
- November 15, 2017
- Posted by: ssr
- Category: Chemical
SK-Sinopec joint venture to invest W740b to raise production capacity A joint venture between SK Innovation and Sinopec of China has decided to invest 740 billion won ($653.8 million) to expand its production capacity by some 36 percent, officials in Seoul said Tuesday. The Sinopec-SK Wuhan Petrochemical joint venture was established in 2013 with the -
KOGAS completes 10-year energy project
- September 6, 2017
- Posted by: ssr
- Category: Chemical
KOGAS completes 10-year energy project The Korea Gas Corp. (KOGAS) has accomplished its 10-year energy project in Uzbekistan. The Ustyurt Gas Chemical Complex is the biggest petrochemical plant in Central Asia. The Surgil project was launched in 2006 by a Korean consortium comprising Lotte Chemical, Korea Gas Corporation and GS E&R. The consortium established a -
Office launched for Korea-Central Asia cooperation
- August 29, 2017
- Posted by: ssr
- Category: Chemical
Office launched for Korea-Central Asia cooperation South Korea and five Central Asian countries on Monday launched an office in Seoul to facilitate diplomatic, business and people-to-people cooperation through high-level dialogue, exchanges of working-level public officials and cultural festivals. The Korea-Central Asia Cooperation Forum Secretariat is the first joint permanent body between the countries and represents -
Lotte Chemical lists Malaysian unit
- August 17, 2017
- Posted by: ssr
- Category: Chemical
Lotte Chemical lists Malaysian unit 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. Of the 2.38 billion shares, -
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