HomenewsChemicals

  • Chemical companies to pay record taxes

    • March 5, 2017
    • Posted by: ssr
    • Category: Chemical
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    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
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  • LG Chem eyeing global top 5 chemical firm

    • March 1, 2017
    • Posted by: ssr
    • Category: Chemical, Uncategorized
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    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
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  • Samsung Bioepis’ biosimilar hits $100 mil. sales in Europe

    • February 27, 2017
    • Posted by: ssr
    • Category: Uncategorized
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    drugs-1728381_640
    Samsung Bioepis' biosimilar hits $100 mil. sales in Europe By Yoon Sung-won Samsung Bioepis is accelerating business in Europe on solid sales of its first biosimilar medicine "Benepali," according to the pharmaceutical industry Tuesday. In its recent regulatory filing, U.S. pharmaceutical enterprise Biogen said it posted $100.6 million in sales of Benepali in the European
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  • POSCO E&C consortium deal

    • February 8, 2017
    • Posted by: ssr
    • Category: Uncategorized
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    Two oil-workers, engineers, with refinery industry in background
    POSCO E&C consortium clinches W211.6 bil. deal on Jeju A consortium led by POSCO Engineering & Construction (E&C) has inked a 211.6 billion won ($182.9 million) deal to build gas storage tanks and their additional facilities at the Jeju Naval Base in Jeju Island. According to POSCO E&C, Wednesday, Korea Gas Corp. selected the POSCO
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  • Lotte gears up for more M&A deals

    • January 23, 2017
    • Posted by: ssr
    • Category: Chemical
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    lotte 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
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  • Korean drugmakers seek opportunities at JPMorgan Healthcare Conference

    • January 9, 2017
    • Posted by: ssr
    • Category: Uncategorized
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    drugs-1728381_640
    Korean drugmakers seek opportunities at JPMorgan Healthcare Conference In search of new partnerships, foreign investment and promotional opportunities, South Korea’s top biopharmaceutical companies will partake in the 35th J.P. Morgan Healthcare Conference, which kicks off Monday in San Francisco. The annual four-day event is the world’s largest and oldest health care symposium. It brings together
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  • Non-tariff barriers double against Korea

    • December 29, 2016
    • Posted by: ssr
    • Category: Uncategorized
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    industry-251826_640
    Non-tariff barriers double against Korea By Lee Hyo-sik Korean exporters are facing increasing non-tariff barriers around the world, making it harder for the export-oriented economy to sell its goods abroad. According to the Korea Chamber of Commerce and Industry (KCCI), Korea's trade partners including the United States and India have taken a total of 134
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  • Lotte Chemical to post earnings surprise in Q4

    • December 13, 2016
    • Posted by: ssr
    • Category: Uncategorized
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    oil-106913_640
    Lotte Chemical to post earnings surprise in Q4 [THE INVESTOR] Lotte Chemical will beat market expectations in the fourth quarter with operating profit of 612.9 billion won (US$526.77 million), said Dongbu Securities on Dec. 13. The securities firm maintained its 470,000 won target price saying that the chemical company will post strong earnings despite the low
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  • SK global chemical acquires 13% stake in LTC

    • December 6, 2016
    • Posted by: ssr
    • Category: Biotechnology, Chemical, Economics, Finance & accounting
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    artboard
    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
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  • SK chief seeks new biz model in Middle East

    • November 25, 2016
    • Posted by: ssr
    • Category: Chemical
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    industry-438428_640
    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
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