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SK completes acquisition of Dow Chemical packaging business
- December 18, 2017
- Posted by: ssr
- Category: Chemical
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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 -
Lotte Chemical to expand ethylene output capacity
- December 13, 2017
- Posted by: ssr
- Category: Chemical
Lotte Chemical to expand ethylene output capacity SEOUL, Dec. 12 (Yonhap) — Lotte Chemical Co., a major chemicals firm here, said Monday that it plans to increase ethylene output capacity in South Korea to meet growing demand. Lotte Chemical plans to jack up the annual output capacity of its plant in Yeosu by 200,000 tons -
LG Chem promotes former SNU professor to executive VP
- December 5, 2017
- Posted by: ssr
- Category: Chemical
LG Chem promotes former SNU professor to executive VP LG Chem promoted Lee Jin-kyu, a former Seoul National University professor, to an executive vice president in its latest reshuffle, crediting him with contributing to the tech firm’s capabilities of developing inorganic materials technologies. Lee Jin-kyu, a new research chairman at LG Chem (LG Chem) Lee’s -
LG Chem aims to become global top five chemical firm
- November 27, 2017
- Posted by: ssr
- Category: Chemical
LG Chem aims to become global top five chemical firm LG Chem aims to join the ranks of the world's top-five chemical giants by 2025 with a focus on research and development to make its basic chemical and material businesses more advanced, the company said Thursday. Under the vision, the company raised its 2017 capital -
South Korea, Indonesia vow to boost economic, security ties
- November 21, 2017
- Posted by: ssr
- Category: Chemical
South Korea, Indonesia vow to boost economic, security ties By Kim Hyo-jin President Moon Jae-in and his Indonesian counterpart Joko Widodo agreed to strengthen bilateral economic and security cooperation in their summit, Cheong Wa Dae said Thursday. They released a "joint vision" statement following the summit, in which they agreed to elevate relations to a -
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 -
LG Chem to spend W 230 bil. on Naju plant
- October 24, 2017
- Posted by: ssr
- Category: Chemical
LG Chem to spend W 230 bil. on Naju plant By Yoon Sung-won LG Chem, Korea's leading chemical company, said Thursday that it plans to spend 230 billion won ($201 million) by 2022 for the expansion and upgrade of a factory in Naju, South Jeolla Province. The Seoul-based company said that it will expand 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,