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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 [...]

LG Chem to Ship First Plant-based Phenol and Acetone Products

LG Chem to Ship First Plant-based Phenol and Acetone Products

SEOUL, July 22 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical maker, is making forays into the sustainable materials market through the export of its first bio-based phenol and acetone. The company announced on Thursday that it will export its first phenol and acetone products made of biomaterials such as waste vegetable oil. [...]

LG Chem Ties Up with Partners to Promote Plastic Waste Resourcification

LG Chem Ties Up with Partners to Promote Plastic Waste Resourcification

SEOUL, July 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical maker, said Thursday it will take the initiative to build a virtuous resource cycle ecosystem using plastic waste with its business partners. The company signed a memorandum of understanding with Sampyo Cement, Hyundai Rotem, the Korea Engineers Alliance and the Korea Cement Association [...]