chemical

Retail Asia13/11/2018

LG Chem said Friday it nominated Shin Hak-cheol, vice chair and executive vice president of 3M, as its new head. It is the first time the chemical company hired a chief executive from outside the company since its foundation in 1947. Current LG Chem CEO Park Jin-su climbed the ladder during his 42-year career at the […]

Retail Asia25/10/2018

LG Chem said Tuesday that it will invest 2.1 trillion won ($1.8 billion) by 2023 to build electric vehicle batteries in China in the latest move to meet growing demand for batteries for zero-emissions cars. Korea’s top chemical company said it has broken ground on a three-story plant on the 198,300-square-meter (49 acre) site in […]

Retail Asia19/12/2017

Lotte Chemical Corp., the compound unit of Lotte Group, has extended its polyethylene plant in Malaysia to support deals in Southeast Asian markets, the organization said. Lotte Chemical has contributed 300 billion won (US$276 million) in growing the polyethylene production facility in Malaysia since 2015 and finished the extension venture in August, the organization said […]

Retail Asia12/02/2017

A GDC report showed that in 2016 alone, Vietnam imported $1.8 billion worth of chemicals, including $1.02 billion worth of products to make other compounds. This means that Vietnam spent VND112 billion daily to import chemicals. The imports were mostly from China, while imports from countries with developed chemical industries such as India, the US, […]

Retail Asia27/07/2016

Azelis, a leading global speciality chemicals distributor headquartered in Luxembourg, announces strategic organisational changes, including Asia, and a new appointment to the Board of Directors, to position the Group for further success. Laurent Nataf is appointed CEO and President Asia Pacific, effective 1st August, and will be based in Singapore. Nataf was appointed Group Chief […]

Retail Asia09/06/2016

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The two companies last year formed a joint venture to build an ethylene cracker plant together in the US, which is due to start production in 2018. Lotte declined to reveal the exact terms of its offer, but analysts said the bid would top Westlake’s $3.1bn approach. The counter offer could prompt Westlake to raise […]

Tag: chemical

LG Chem picks first CEO from outside group

LG Chem to build China facility

Lotte chemical to expand polyethylene manufacturing unit in Malaysia

Vietnam spends $5 million daily on chemical imports

Azelis announces Strategic Appointments

South Korea’s Lotte Chemical makes $3.1bn counter bid for Axiall