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LG Chem, Korea Zinc Team Up for Battery Components Supply in North America

LG Chem, Korea Zinc Team Up for Battery Components Supply in North America

SEOUL, Nov. 23 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemical producer, said Wednesday it forged a partnership with a major South Korean smelter of nonferrous metals to work together for a stable supply of electric vehicle (EV) battery components in North America. LG Chem said it signed a memorandum of understanding with [...]

LG Chem to Spend 310 bln Won on New Plastic Recycling, Aerogel Plants in S. Korea

LG Chem to Spend 310 bln Won on New Plastic Recycling, Aerogel Plants in S. Korea

SEOUL, Nov. 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical producer, said Wednesday it is spending 310 billion won (US$234 million) in total to build new facilities for plastic recycling and the production of a thermal insulator component. LG Chem said it is on track to break ground on the plastic pyrolysis [...]

LG Chem Posts Profit Growth in Q3 on Strong Battery Components Biz

LG Chem Posts Profit Growth in Q3 on Strong Battery Components Biz

SEOUL, Oct. 31 (Korea Bizwire) — LG Chem Ltd. said Monday its third-quarter operating profit grew 23.9 percent from a year earlier on the back of strong battery materials demand that helped offset lackluster performance in the petrochemicals segment. Operating income came to 901.2 billion won (US$638.1 million) in the July-September period, compared with 727.2 [...]

LG, Lotte to Showcase Eco-friendly Plastic Materials at German Trade Fair

LG, Lotte to Showcase Eco-friendly Plastic Materials at German Trade Fair

SEOUL, Oct. 18 (Korea Bizwire) – LG Chem Ltd. and Lotte Chemical Corp. said Tuesday they plan to showcase their latest lineups of eco-friendly plastics and other advanced materials at a plastics trade show in Germany this week, as part of efforts to tap deeper into the European market. LG Chem, South Korea’s leading chemicals [...]

LG Chem Q2 Net Dips on Higher Oil Prices, External Woes

LG Chem Q2 Net Dips on Higher Oil Prices, External Woes

SEOUL, July 27 (Korea Bizwire) – LG Chem Ltd. said Wednesday its second-quarter net income shrank 54.1 percent from a year earlier, dented by higher oil prices, global inflation and China’s COVID-19 lockdowns. Net income came to 718.3 billion won (US$547 million) in the April-June period, compared with 1.56 trillion won the previous year, the [...]

LG Chem Inks Long-term EV Battery Component Supply Deal with GM

LG Chem Inks Long-term EV Battery Component Supply Deal with GM

SEOUL, July 27 (Korea Bizwire) — LG Chem Ltd. said Wednesday it has clinched a long-term supply agreement with General Motors Co. to provide the U.S. carmaker with key materials for electric vehicle (EV) battery cells. LG Chem, the country’s leading chemical firm, will supply more than 950,000 tons of cathode materials under the eight-year [...]