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LG Chem, CJ Logistics to Establish Circulation Platform for Cosmetics Containers

LG Chem, CJ Logistics to Establish Circulation Platform for Cosmetics Containers

SEOUL, March 31 (Korea Bizwire) — LG Chem Ltd. South Korea’s leading chemical company, and CJ Logistics Co., the country’s No. 1 parcel delivery firm, said Wednesday that they will establish a resource circulation system to promote the reuse and recycling of cosmetics containers in collaboration with local reusable packaging startup Innerbottle. Innerbottle will produce [...]

LG Chem to Build Hydrothermal Plastic Recycling Plant in S. Korea

LG Chem to Build Hydrothermal Plastic Recycling Plant in S. Korea

SEOUL, Jan. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical producer, said Tuesday it is building its first plastic recycling plant in South Korea that will process used plastics using high-temperature steam, accelerating its push for clean materials. The plant, to be built in the southwest city of Dangjin by the first [...]

LG Chem to Build New High-nickel Cathode Factory in S. Korea

LG Chem to Build New High-nickel Cathode Factory in S. Korea

SEOUL, Jan. 11 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical materials producer, said Tuesday it will build a new factory in South Korea to produce high-nickel cathode materials for electric vehicle (EV) batteries as it further pushes to upgrade the key battery component materials. The construction for the new cathode plant broke [...]

LG Chem to Invest 475 bln Won for Cathode Materials Plant in S. Korea

LG Chem to Invest 475 bln Won for Cathode Materials Plant in S. Korea

SEOUL, Dec. 29 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading electric vehicle battery maker, will invest 475.4 billion won (US$400 million) in cathode materials plant, the trade ministry said Wednesday. LG Chem will set up LG Battery Core Material to produce 60,000 tons a year of cathode materials and create 187 jobs for [...]

LG Chem, LG Energy Solution Buy Stake in Canadian Battery Recycling Company

LG Chem, LG Energy Solution Buy Stake in Canadian Battery Recycling Company

SEOUL, Dec. 15 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemical company, and its subsidiary LG Energy Solution Ltd. said Wednesday they have jointly acquired a stake in a Canadian lithium-ion battery recycling company. LG Chem and the battery maker LG Energy Solution invested 30 billion won (US$25.3 million) each to acquire a [...]

Americas, Europe in Focus for LG Chem’s Foreign Market Expansion: CEO

Americas, Europe in Focus for LG Chem’s Foreign Market Expansion: CEO

SEOUL, Dec. 9 (Korea Bizwire) — LG Chem Ltd. will bolster investment in North and South America, and Europe, to boost its presence in foreign markets, the company’s top executive has said, citing ample opportunities for growth in the global trend toward sustainability. LG Chem CEO Shin Hak-cheol made the remarks in a recent interview [...]

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 [...]