Plastic/Chemical & Materials Archives | Be Korea-savvy

Archive by category Plastic/Chemical & Materials

POSCO Chemical Breaks Ground on 10,000-ton Anode Material Plant in Pohang

POSCO Chemical Breaks Ground on 10,000-ton Anode Material Plant in Pohang

SEOUL, Feb. 1 (Korea Bizwire) — POSCO Chemical Co., a South Korean manufacturer of industrial materials, said Wednesday it has begun construction of its second factory for synthetic graphite anode materials in the country’s southeast. POSCO Chemical broke ground on the plant at its key manufacturing complex in Pohang, 272 kilometers southeast of Seoul, on [...]

LG Chem’s 2022 Profit Sinks 40 pct on Weak Petrochemical Demand

LG Chem’s 2022 Profit Sinks 40 pct on Weak Petrochemical Demand

SEOUL, Jan. 31 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemicals producer, saw its profit shrink 40.4 percent in 2022 from a year earlier due mainly to sluggish petrochemical demand. Operating income reached 2.99 trillion won (US$2.43 billion) in the January-December period, compared with 5.02 trillion won logged the previous year, the company [...]

POSCO Chemical Gets Gov’t Approval for Export of Cathode Technologies

POSCO Chemical Gets Gov’t Approval for Export of Cathode Technologies

SEOUL, Jan. 26 (Korea Bizwire) — POSCO Chemical Co., a major South Korean producer of secondary battery materials, said Thursday it has obtained government approval for the export of its technologies related to producing cathodes, a key component used in electric vehicle (EV) cells. The decision was made earlier this month by the private-public committee [...]

SKC Set to Trailblaze Semiconductor Packaging with Breakthrough Material

SKC Set to Trailblaze Semiconductor Packaging with Breakthrough Material

COVINGTON, Jan. 16 (Korea Bizwire) – The SKC campus, located about 56 kilometers east of Atlanta, is where the chemical materials unit of SK, South Korea’s energy-to-telecom conglomerate, built its first U.S. production facility in 1999 as a PET film developer. More than two decades thereafter, SKC is building a new facility on the same [...]

Lotte Chemical Sells Pakistani Unit to Streamline Business, Secure Funds

Lotte Chemical Sells Pakistani Unit to Streamline Business, Secure Funds

SEOUL, Jan. 16 (Korea Bizwire) — Lotte Chemical Corp. said Monday it is selling its subsidiary in Pakistan to a local chemical company for 192.4 billion won (US$156 million) as part of efforts to streamline its business with a focus on advanced materials and eco-friendly products. Lucky Core Industries, a Pakistani chemical company, will take [...]

Petrochemical Industry Slump Drags On as Demand Remains Weak

Petrochemical Industry Slump Drags On as Demand Remains Weak

SEOUL, Jan. 16 (Korea Bizwire) — With the recovery of demand remaining sluggish due to the current economic slump, South Korean petrochemical companies are moving heaven and earth to survive through a reduction in output while lowering its factory utilization rate even further. According to industry sources, the naphtha cracking center (NCC) utilization rate of [...]

LG Chem Signs Deal with Local Venture for Fishing Net Waste Supply

LG Chem Signs Deal with Local Venture for Fishing Net Waste Supply

SEOUL, Jan. 12 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemical producer, said Thursday it has signed an initial agreement with a local startup on the supply of fishing net waste to use it as feedstock for plastic recycling. Netspa, LG Chem’s new partner, has developed a technology to extract high-purity nylon from [...]

(CES) SK Geocentric Signs License Contract with British Firm for Plastic Recycling Plant

(CES) SK Geocentric Signs License Contract with British Firm for Plastic Recycling Plant

LAS VEGAS, Jan. 8 (Korea Bizwire) — SK Geocentric Co., a South Korean chemical company, said Sunday it has signed a contract with a British firm to build a plastic pyrolysis plant in South Korea, taking a step closer to establishing what will be the world’s first plastic recycling cluster in two years. Under the agreement, [...]

SKC to Showcase Semiconductor, Secondary Battery Materials at CES

SKC to Showcase Semiconductor, Secondary Battery Materials at CES

SEOUL, Dec. 25 (Korea Bizwire) — SKC Co., a chemical materials unit of SK Group, said Sunday it will present a range of key products, including a semiconductor glass substrate, battery-grade copper foil and bioplastics, at an upcoming U.S. tech exhibition next week. The glass substrate, considered a “game changer” in semiconductor packaging, will be [...]