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Kumho Petrochemical beefs up safety
- August 10, 2017
- Posted by: ssr
- Category: Chemical
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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 -
9 Korean firms join W1,000,000,000,000 profit club
- May 28, 2017
- Posted by: ssr
- Category: Chemical
9 Korean firms join W1,000,000,000,000 profit club By Jhoo Dong-chan Nine Korean firms joined the 1 trillion won ($879 million) profit club in the first quarter of this year. They are Samsung Electronics, SK hynix, POSCO, Shinhan Financial Group, Hyundai Motor, LG Display, SK Innovation, Korea Electric Power Corp. (KEPCO), and SK C&C. This compares -
Lotte Chemical to invest W370b in facility expansion
- May 12, 2017
- Posted by: ssr
- Category: Chemical
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 -
Korean petrochemicals firms accelerating overseas push
- March 30, 2017
- Posted by: ssr
- Category: Chemical
Korean petrochemicals firms accelerating overseas push South Korean petrochemicals firms, led by LG Chem Ltd., are seeking to diversify their export destinations and establish more overseas production facilities, in a bid to reduce their dependence on China, industry sources said Wednesday. According to the sources, LG Chem, the country's No. 1 player in the chemicals -
LG Chem rushing to reach global top 5
- March 23, 2017
- Posted by: ssr
- Category: Chemical
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 -
Lotte Chemical to beat Q1 market estimates
- March 14, 2017
- Posted by: ssr
- Category: Chemical
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 -
Chemical companies to pay record taxes
- March 5, 2017
- Posted by: ssr
- Category: Chemical
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 -
Samsung Bioepis’ biosimilar hits $100 mil. sales in Europe
- February 27, 2017
- Posted by: ssr
- Category: Uncategorized
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 -
Korean drugmakers seek opportunities at JPMorgan Healthcare Conference
- January 9, 2017
- Posted by: ssr
- Category: Uncategorized
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 -
LG Chem strengthening bioscience business in 2017
- January 2, 2017
- Posted by: ssr
- Category: Uncategorized
LG Chem strengthening bioscience business in 2017 By Lee Min-hyung LG Chem said Thursday it will strengthen its bioscience business this year, expanding research and development (R&D) investment for synergy with two bio players that the firm acquired last year. The plan comes after the company took over Dongbu Farm Hannong, a Seoul-based processor of