SEOUL, May 10 (Korea Bizwire) – Lotte Chemical Corp., a major chemicals firm here, said Wednesday that it plans to spend 370 billion won (US$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 produces meta [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korean chemicals maker SKC Inc. and Germany-based chemical firm BASF are close to clinching a deal later this year to build a hydrogen peroxide plant in the southern industrial city of Ulsan, company officials said Thursday. SKC, a chemical unit under SK Group, has sought to use BASF’s [...]
ULSAN, Jul. 6 (Korea Bizwire) — Hanwha Chemical is acting fast to recover from the Ulsan chemical plant explosion that killed 6 people on July 3, as the company promised the maximum compensation possible and quickly stopped operating production lines at the plant. Kim Chang-bum, CEO of Hanwha Chemical, publically apologized for the tragedy, and [...]