-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
On February 8, LG Chem announced at an online investor seminar that the company will significantly increase its capital expenditure budget for 2022 to support its more aggressive investment strategy
.
LG Chem CEO Xin Xuezhe told investors at the meeting that LG Chem has achieved sales growth of more than 10 times over the past 20 years
According to LG Chem's report, LG Chem plans to spend 4.
1 trillion won (about 3.
4 billion U.
S.
dollars) in capital expenditure in 2022, an increase of 31.
8% from last year's capital expenditure
.
The company plans to further expand its sustainability business and expand its battery materials business capacity
The company also announced a business plan to 2030
.
According to the plan, the goal is to achieve 60 trillion won in sales revenue
In the environmental protection materials business, it plans to achieve sales of 8 trillion won by 2030, and the current annual sales are 1.
4 trillion won
.
LG Chem plans to strengthen the recycling of raw materials business, improve the performance of plastics, and commercialize chemical recycling technology as soon as possible
In terms of battery materials business, LG Chem plans to become the world's largest comprehensive battery materials company with sales of 21 trillion won and a product line of cathode materials and separators
.
The company plans to develop the product line into a high-margin business with improved operating margins
