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LG Chem to Set Up Battery Separator Plant in Hungary with Japan’s Toray

LG Chem to Set Up Battery Separator Plant in Hungary with Japan’s Toray

SEOUL, Oct. 27 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it will build a battery separator production plant in Hungary with Japanese chemical giant Toray Industries Inc. as part of efforts to expand its presence in the European market. Under the 50:50 joint venture deal, the two companies will [...]

LG Chem Q3 Net Income Up 19.2 pct Despite Battery Recall Costs

LG Chem Q3 Net Income Up 19.2 pct Despite Battery Recall Costs

SEOUL, Oct. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Monday its third-quarter net profit rose 19.2 percent from a year earlier, backed by solid petrochemical sales despite the one-off factor from its electric battery (EV) recall costs. The net income came to 679.9 billion won (US$581.9 million) in the [...]

LG Chem’s Q2 Net Hits Record High on Strong EV Battery Sales

LG Chem’s Q2 Net Hits Record High on Strong EV Battery Sales

SEOUL, July 29 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Thursday its second-quarter net profit rose to the highest level ever on strong electric vehicle (EV) battery and petrochemical sales. LG Chem’s net profit came to 1.6 trillion won (US$1.4 billion) in the April-June period, skyrocketing 289.5 percent from a [...]