26 articles
Lotte Chemical will permanently shut its Daesan naphtha cracker and butadiene unit in early September as part of restructuring tied to an HD Hyundai Chemical merger. The facility produces 1.1 million
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
Indonesia introduced a six-month zero percent import duty on LPG for petrochemicals effective July 28, lowering costs for major producers like Chandra Asri and Lotte Chemical. The policy aims to mitig
The South Korean government approved a restructuring plan for the Yeosu Petrochemical Park involving Lotte Chemical, Hanwha Solutions, and DL Chemical, aiming to close ethylene units with a combined a
South Korea's FTC launched a formal review of the Lotte Chemical-HD Hyundai Daesan merger citing competition risks in LDPE and EVA markets. Regulators recommend corrective measures after finding the t
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
South Korea's Lotte Chemical returned to Q1 profitability with W33 billion net profit, driven by improved spreads and demand recovery. The company announced restructuring mergers with HD Hyundai and H
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.
Envision shipped commercial green ammonia to Lotte Fine Chemical, marking a landmark Asian trade. The unit has 320,000 mt/year capacity and plans to expand to 1.5 million mt/year by 2028.
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.
South Korea's government announced 2.1 trillion won support for Lotte Chemical and HD Hyundai Chemical restructuring to tackle industry oversupply. Measures include shutting down redundant naphtha cra
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 announced a restructuring plan integrating its 1.1 million ton naphtha cracking unit with Hyundai partners to optimize basic chemical capacity. The firm targets shifting over 60% of its
Lotte Chemical's CEO outlined restructuring and innovation plans targeting a portfolio shift to green and high-tech materials.
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