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  • Lotte Chemical to invest W370b in facility expansion

    • May 12, 2017
    • Posted by: ssr
    • Category: Chemical
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    industry-406905_640
    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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  • LG Chem rushing to reach global top 5

    • March 23, 2017
    • Posted by: ssr
    • Category: Chemical
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    Petrochemical plant at night, oil and gas industrial
    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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    1396921731_43020
    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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  • Lotte Chemical to post earnings surprise in Q4

    • December 13, 2016
    • Posted by: ssr
    • Category: Uncategorized
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    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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    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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  • Hyundai Chemical’s mixed-xylene plant starts operations

    • November 17, 2016
    • Posted by: ssr
    • Category: Chemical
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    Oil refinery factory at twilight with sky background.
    Hyundai Chemical's mixed-xylene plant starts operations Hyundai Oilbank said Tuesday that its Hyundai Chemical plant, a newly built joint-venture with Lotte Chemical, has begun to produce mixed-xylene (MX),. MX is a mixture of benzene, toluene and xylene and is used to produce polyester, PET and gasoline additives. The plant in Seosan, South Chungcheong Province, will
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