Lotte Chemical has suspended its $12 million investment in a Ulsan chemical PET recycling plant due to worsening market conditions and industry restructuring. The company may resume the project if mar
Lotte Chemical plans to divest Malaysian and Indonesian assets amid financial distress, aiming to pivot toward specialty materials and reduce debt through strategic restructuring by 2030.
South Korea's FTC conditionally approved Lotte Chemical and HD Hyundai Chemical's Daesan asset merger, imposing price and supply restrictions to address competition concerns in LDPE and EVA markets.
Lotte Chemical posted continued profits in Q2 2026 with revenue up 39.2% YoY, overcoming supply chain challenges. Strategic restructuring includes plant splits and expanded engineering plastics capaci
Lotte Chemical projects sustained feedstock volatility and delayed demand recovery in Q3 2026 while securing profitability for a second consecutive quarter. Strategic restructuring and a pivot toward
Lotte Chemical swung to a 194 billion won net profit in Q2 with revenue surging 35.5% to 4.9 trillion won. However, the company forecasts weaker Q3 profitability due to external uncertainties and feed
Lotte Chemical's affiliate Handuck Chemical broke ground on an $85 million tetramethylammonium hydroxide (TMAH) plant in South Korea to secure stable semiconductor material supply chains. The project
Lotte Chemical announced a strategic pivot from loss-making bulk chemicals to high-value-added sectors like advanced materials and battery components. The company plans to restructure production bases
Lotte Chemical Corp. CEO Lee Young-jun announced a strategic portfolio restructuring to pivot away from commodity petrochemicals toward high-growth sectors including advanced materials, fine chemicals
Lotte Chemical accelerates restructuring to pivot from loss-making basic chemicals to high-value specialty sectors amid regional supply overhang. The plan involves splitting its Daesan unit into a joi
Lotte Chemical confirmed a strategic restructuring involving a spin-off and merger with HD Hyundai, leading to the closure of its Daesan cracker unit. The facility, with an annual ethylene capacity of
Lotte Chemical halted operations at its Yeosu complex for two months due to unprecedented naphtha feedstock shortages exacerbated by Middle East supply disruptions. The shutdown affects petrochemical
Lotte Chemical and YNCC submitted a restructuring plan to integrate Lotte's Yeosu cracker with YNCC.
LG Chem retracted its force majeure claim for March–April shipments, whereas Lotte Chemical warned of potential force majeure on monomer output.
Caldic and Lotte Fine Chemical partner to expand methyl cellulose distribution in the US food market, offering joint technical support to manufacturers.
Lotte Chemical will permanently shut down its 1.1 million mt/y Daesan cracker amid a three-year restructuring with Hyundai Chemical, signaling the start of South Korea's ethylene rationalization.
Lotte Fine Chemical swung to profit in Q4 driven by strong chemical segment performance, with improved selling prices and higher sales volumes for caustic soda.
Lotte Chemical reported a widened net loss in Q4 driven by weak market demand and seasonal pressures. Additionally, startup costs from its Indonesia plant negatively impacted profits during the period
Lotte Chemical's CEO outlined restructuring and innovation plans targeting a portfolio shift to green and high-tech materials.
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