Issue 21/2021 - LG Chem will build technical centers in Europe and the United States

LG Chem will build technical centers in Europe and the United States

LG Chem recently announced that it will invest approximately KRW 120 billion to set up technical centers in Ohio, U.
S.
and Frankfurt, Germany, to meet customer needs
.

According to LG Chem, the U.
S.
and European markets account for more than
20 percent of LG Chem's global demand for major products.
The construction of technical centers in Europe and the United States will strengthen LG Chem's position in the European and American markets, and the new technical center is expected to be operational
in 2023.
LG Chem will send approximately 70 R&D personnel from the extrusion processing and injection molding technology businesses to the technical center
.

At the same time, LG Chem will invest an additional KRW 60 billion in the construction of a technical center in Ohio, U.
S.
, to build a new ABS resin compound plant
with an annual capacity of 30,000 tons.
The plant will be completed and put into operation
in 2023.