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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-inno-740(0)
    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.
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  • LG Chem obtains approval for sale of biosimilar etanercept in Japan

    • January 27, 2018
    • Posted by: ssr
    • Category: Chemical
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    1396921731_43020
    LG Chem obtains approval for sale of biosimilar etanercept in Japan LG Chem Ltd., South Korea's leading chemical company, said Friday that it has obtained Japanese approval to sell its biosimilar etanercept for the treatment of rheumatoid arthritis. The Japanese Ministry of Health, Labor and Welfare has approved LG Chem's new drug, which is biosimilar
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  • LG Chem to invest W300b in petrochemical facilities

    • January 1, 2018
    • Posted by: ssr
    • Category: Chemical
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    1396921731_43020
    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
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  • Petroleum refinery industry increasing investment, diversifying portfolio

    • December 25, 2017
    • Posted by: ssr
    • Category: Chemical
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    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
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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-inno-740(0)
    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
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  • Lotte Chemical to expand ethylene output capacity

    • December 13, 2017
    • Posted by: ssr
    • Category: Chemical
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    20170329000562_0
    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
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  • LG Chem promotes former SNU professor to executive VP

    • December 5, 2017
    • Posted by: ssr
    • Category: Chemical
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    20170409000164_0
    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
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  • SK Chemicals to adopt holding company structure

    • November 30, 2017
    • Posted by: ssr
    • Category: Chemical
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    bill-603243_640
    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
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  • SK-Sinopec joint venture to invest W740b to raise production capacity

    • November 15, 2017
    • Posted by: ssr
    • Category: Chemical
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    sk-inno-740(1)
    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
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  • Dongwha buys Finnish tegofilm manufacturer

    • November 9, 2017
    • Posted by: ssr
    • Category: Chemical
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    Petrochemical plant at night, oil and gas industrial
    SK Chemicals’ shingles vaccine wins regulatory approval in Korea By Park Jae-hyuk Dongwha Enterprise has bought Kotkamills Imprex for 34.5 billion won ($30.5 million), becoming the world's second-largest tegofilm producer, the company said Friday. Kotkamills Imprex is a subsidiary of the Finnish-based wood products company, Kotkamills Oy. Tegofilm, or phenolic surface paper, is an adhesive
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