LG Chem plans to invest 120 billion won to build technology centers in Europe and America

LG Chem announced that the company will invest about 120 billion won to set up technology centers in Ohio in the United States and Frankfurt in 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 establishment of technical centers in Europe and the United States will strengthen LG Chem's position in the European and American markets
.
The technology center is expected to be operational in 2023
.
LG Chem will send about 70 R&D personnel from businesses including extrusion processing and injection molding technology to the technology center
.

At the same time, LG Chem will invest an additional 60 billion won in the construction site of the Ohio technology center in the United States to build a new ABS resin compound plant with an annual output of 30,000 tons
.
The plant will be completed and put into operation in 2023
.