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  • SK Innovation shifts to car batteries, chemicals

    • June 5, 2017
    • Posted by: ssr
    • Category: Chemical
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    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,
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  • Hanwha Chemical Q1 net more than triples on higher prices

    • May 22, 2017
    • Posted by: ssr
    • Category: Chemical
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    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
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  • Lotte Chemical to invest W370b in facility expansion

    • May 12, 2017
    • Posted by: ssr
    • Category: Chemical
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    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
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  • Lotte Chemical likely to report record-high profit in Q1

    • April 14, 2017
    • Posted by: ssr
    • Category: Chemical
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    Lotte Chemical likely to report record-high profit in Q1 Lotte Chemical Corp., a petrochemical unit under South Korea’s fifth-largest conglomerate, may report a record-high profit in the first quarter, driven by the anticipated listing of Lotte Chemical Titan Holding in Kuala Lumpur, Malaysia, and the price hike of chemical products, an analyst said Tuesday. The
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  • SK’s ICT exports surges after hynix buyout

    • April 10, 2017
    • Posted by: ssr
    • Category: Chemical
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    20170409000164_0
    SK’s ICT exports surges after hynix buyout A landmark acquisition of a local chipmaker by SK Group five years ago has accelerated the growth of the group’s information and communications technology businesses, pushing their outbound shipments to surge 127-fold, the group said Sunday. “The ICT affiliates’ boost in sales has played a critical role in
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  • LG Chem rushing to reach global top 5

    • March 23, 2017
    • Posted by: ssr
    • Category: Chemical
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    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
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  • Lotte Chemical to beat Q1 market estimates

    • March 14, 2017
    • Posted by: ssr
    • Category: Chemical
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    Oil refinery factory at twilight with sky background.
    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
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  • Chemical companies to pay record taxes

    • March 5, 2017
    • Posted by: ssr
    • Category: Chemical
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    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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    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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