LG Chem signed an MOU with Jianghua Micro to establish a local supply chain for high-purity isopropyl alcohol (IPA) in China. The agreement involves supplying propylene-based IPA feedstock for purific
LG Chem's petrochemical division posted a net profit of 427 billion KRW in Q2, reversing a prior-year loss. The turnaround was driven by inventory lag effects and widened product spreads despite tempo
LG Chem reported a Q2 petchem net profit of 427 billion won, reversing last year's loss driven by inventory effects. Future profitability faces pressure from declining feedstock prices and higher logi
LG Chem has commenced mass supply of semiconductor stripping solutions to Amkor Technology, cutting residue removal time by approximately 50%. This collaboration aligns with LG Chem's plan to double i
LG Chem plans to invest $9.7 billion in R&D by 2035 to refine its profit structure amid slowing profitability in its traditional chemical business. The initiative aims to secure future growth despite
LG Chem announces strategic pivot to semiconductor, mobility, robotics materials, and anti-cancer drugs amid shrinking chemical profits. Plans 15 trillion KRW R&D by 2035, targeting 2 trillion KRW in
LG Chem plans to invest 15 trillion KRW in R&D by 2035, targeting AI materials, semiconductors, mobility, and pharma to enhance competitiveness and achieve double-digit margins by 2030.
Asian petrochemical stocks surged after a US-Iran peace deal signaled the reopening of the Strait of Hormuz, easing feedstock shortages and lowering oil prices. Major firms like Mitsui Chemicals and L
LG Chem shut down its No. 2 steam cracker, cutting $1.7 billion in sales and reducing annual revenue by 5%. This shutdown significantly impacts petrochemical supply capacity.
LG Chem warns of potential force majeure as Strait of Hormuz blockades threaten naphtha supplies, while KPIC reduces cracker operations at Onsan due to feedstock concerns.
LG Chem declared force majeure on DOTP exports due to geopolitical tensions affecting naphtha and propylene supply, causing a $75/mt weekly price rise in Asia.
LG Chem plans to reduce cracker run rates to 60% and may shut down its Yeosu No. 2 cracker unit. This operational adjustment signals a significant reduction in petrochemical production capacity.
Activist investor Palliser urged LG Chem directors to improve share performance by increasing sales of its majority stake in EV battery giant LG Energy Solution. This call comes amid concerns over the
LG Chem reported widening petrochemical losses in Q4 attributed to narrowing margins and one-off overseas costs amid increased regional competition.
LG Chem and Jiangsu Yinglian established a joint lab to develop innovative polymer materials for lithium battery composite current collectors. The partnership aims to enhance battery safety and energy
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