US plant Archives | Be Korea-savvy

Hyundai to Build US$5.54 bln EV, Battery Plant in Georgia

SEOUL, May 21 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Saturday it will invest US$5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the United States to further solidify its electrification push in the world’s most important automobile market. The announcement comes as U.S. President Joe Biden is [...]

Lotte Chemical to Begin Production at U.S. Plant This Month

SEOUL, May 10 (Korea Bizwire) — Lotte Chemical Corp., a unit of retail-to-construction conglomerate Lotte Group, said Friday it will start commercial production at its plant in United States this month. In a joint project with Westlake Chemical Corp., Lotte Chemical completed the construction of the 3.6 trillion-won (US$3.1 billion) ethylene plant in Louisiana late [...]