HomenewsPetrochemical

  • Korean petrochemicals firms accelerating overseas push

    • March 30, 2017
    • Posted by: ssr
    • Category: Chemical
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    20170329000562_0
    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
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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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    smoke-258786_1280
    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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    drugs-1728381_640
    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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  • POSCO E&C consortium deal

    • February 8, 2017
    • Posted by: ssr
    • Category: Uncategorized
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    Two oil-workers, engineers, with refinery industry in background
    POSCO E&C consortium clinches W211.6 bil. deal on Jeju A consortium led by POSCO Engineering & Construction (E&C) has inked a 211.6 billion won ($182.9 million) deal to build gas storage tanks and their additional facilities at the Jeju Naval Base in Jeju Island. According to POSCO E&C, Wednesday, Korea Gas Corp. selected the POSCO
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  • Lotte gears up for more M&A deals

    • January 23, 2017
    • Posted by: ssr
    • Category: Chemical
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    lotte chemical
    Lotte gears up for more M&A deals [THE INVESTOR] Lotte Group, South Korea’s fifth-largest conglomerate, is rekindling merger and acquisition activities to get its business back on track after being hit by a slush fund scandal and power struggle involving the chairman last year. In its latest move, Lotte Chemical launched a takeover bid for Singapore petrochemical
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  • Korean drugmakers seek opportunities at JPMorgan Healthcare Conference

    • January 9, 2017
    • Posted by: ssr
    • Category: Uncategorized
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    drugs-1728381_640
    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
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  • LG Chem strengthening bioscience business in 2017

    • January 2, 2017
    • Posted by: ssr
    • Category: Uncategorized
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    medications-257344_1280
    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
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