SEOUL, May 28 (Korea Bizwire) — South Korea’s two largest display panel makers — Samsung Display Co. and LG Display Co. — are extending their liquid crystal display (LCD) production, industry insiders said Friday, as panel prices continue to rise on robust demand. Samsung Display CEO Choi Joo-sun recently told employees that the company is [...]
SEOUL, May 27 (Korea Bizwire) — Kolon Industries Inc., a South Korean industrial materials company, said Wednesday that it had succeeded in developing and commercializing post-consumer recycled (PCR) PET films. Kolon Industries, in collaboration with major cosmetics and household goods maker LG Household & Health Care Ltd. and a packaging material firm Lotte Aluminum Co., [...]
SEOUL, May 26 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, on Wednesday broke ground for a plant in South Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries. The ceremony came nearly seven weeks after POSCO’s board of directors approved the plan to build a plant in the [...]
SEOUL, May 26 (Korea Bizwire) — SK nexilis Co., a chemical unit of South Korean conglomerate SK Group, said Wednesday it will build a new copper foil factory in Europe to meet growing demand for the essential material for rechargeable batteries. SK nexilis, the copper making unit under SKC Inc. said it will expand its [...]
SEOUL, May 25 (Korea Bizwire) — A consortium led by the South Korean conglomerate LG will build a battery factory in Indonesia to supply parts for Korean automaker Hyundai Motor Co.’s electric vehicles, according to industry sources Tuesday. The LG consortium consists of three LG subsidiaries, including LG Chem Ltd., battery arm LG Energy Solution [...]
SEOUL, May 20 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Motor Co. will establish a 6 trillion won (US$5.3 billion) joint venture in the United States to produce batteries for electric vehicles, the two companies said Thursday. The two companies signed a memorandum of understanding on the joint [...]
SEOUL, May 20 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Thursday it has signed a deal to buy a 30 percent stake in the Ravensthorpe Nickel Operation in Australia for US$240 million in the latest move to boost its electric vehicle battery business. Under the deal with Canadian miner First Quantum [...]
SEOUL, May 18 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery maker, has agreed to form a joint venture with Chinese companies to produce cathode, a key material for electric vehicle batteries, in China, industry officials said Tuesday. Chinese battery maker EVE Energy’s board of directors has approved the joint venture with SK [...]
SEOUL, May 18 (Korea Bizwire) — SK Chemicals Co. said Monday that it had acquired a 10 percent stake in Shuye Environmental Technology Co., a Chinese company that possesses technology that can chemically break down waste PET, by investing 23 billion won (US$20 million). The company made the investment decision as part of efforts to [...]
SEOUL, May 17 (Korea Bizwire) — Samsung Display Co. and LG Display Co., the country’s two largest display makers, on Monday said they will unveil their latest innovations at the world’s leading exhibition for display panels to be held virtually this week. The two companies will take part in the Display Week 2021, organized by [...]