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LG Chem said Friday it nominated Shin Hak-cheol, vice chair and executive vice president of 3M, as its new head. It is the first time the chemical company hired a chief executive from outside the company since its foundation in 1947. Current LG Chem CEO Park…
LG Chem said Tuesday that it will invest 2.1 trillion won ($1.8 billion) by 2023 to build electric vehicle batteries in China in the latest move to meet growing demand for batteries for zero-emissions cars. Korea’s top chemical company said it has broken…
Lotte Chemical Corp., the compound unit of Lotte Group, has extended its polyethylene plant in Malaysia to support deals in Southeast Asian markets, the organization said. Lotte Chemical has contributed 300 billion won (US$276 million) in growing the…
A GDC report showed that in 2016 alone, Vietnam imported $1.8 billion worth of chemicals, including $1.02 billion worth of products to make other compounds. This means that Vietnam spent VND112 billion daily to import chemicals. The imports were mostly from…
Azelis, a leading global speciality chemicals distributor headquartered in Luxembourg, announces strategic organisational changes, including Asia, and a new appointment to the Board of Directors, to position the Group for further success. Laurent Nataf is…
The two companies last year formed a joint venture to build an ethylene cracker plant together in the US, which is due to start production in 2018. Lotte declined to reveal the exact terms of its offer, but analysts said the bid would top Westlake’s $3.1bn…
