2003.07.27 LG Chem

LG Chem, expands its PVC capacity at Tianjin to 340,000 ton/year
　　　http://www.lg.co.kr/english/news/press/view.jsp?news_num=4781&page=2

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has raised its PVC capacity at its Tianjin LG Dagu Chemical facility by 100,000 ton/year. A dedication ceremony took place on the 25th of July in Tianjin City, China.

TIANJIN LG DAGU CHEMICAL CO. LTD. (www.lgdagu.com.cn)

Location	Tianjin, China
Establishment	1998. 5.
Capital/ Ownership	US$ 37.4million / 75%(LG group 85%)
Capacity	100,000 ton/year ('98.4) 150,000 ton/year ('99.10) 240,000 ton/year ('01.10) 340,000 ton/year ('03.7)

　

2003.07.28 LG Chem

LG Chem marks an epoch in the Non-phosgene Polycarbonate Process
　　　http://www.lg.co.kr/english/news/press/view.jsp?news_num=4780&page=2

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has independently developed a new Non-phosgene Polycarbonate Process using its own technology. With the development of this new 'Condensed Non-phosgene Polycarbonate Process', LG Chem has marked an epoch in the non-phosgene polycarbonate process.

The Condensed Non-phosgene Polycarbonate Process is a result of perseverance and countless hours invested in its development since 1997. In addition, it is the outcome of LG Chem's decade-long effort to develop environment-friendly processes along with the Non-phosgene MDI (Methylene Diphenyl Diiocyanate) process developed in 1995. The Condensed Non-phosgene Polycarbonate Process is currently patent pending in 9 countries such as the U.S., Japan and Germany.

Phosgene / Non-phosgene Polycarbonate process

There are two conventional polycarbonate processes: the interfacial polymerization process and the melt polymerization/solid-state polymerization process.

1)	Interfacial polymerization process (phosgene process)
	The interfacial polymerization is carried out in a solution of bisphenol-A (BPA) and phosgene at the interface. Although this process can easily produce high molecular weight polycarbonate resins, it has disadvantages such as the safety problem of handling highly toxic phosgene and the large investment cost of dealing with the environmental problems created by the process.
2)	Melt polymerization and Solid-state polymerization process(non-phosgene process)
	The melt polymerization involves the reaction of diphenyl carbonate (DPC) with bisphenol-A (BPA) to produce a low molecular weight polycarbonate prepolymer at the melt state. High molecular weight polycarbonate is synthesized at the solid-state polymerization step.High temperature and high vacuum equipments are required to handle highly viscous reactants, which lowers the quality of the resin in the melt polymerization step. Long production time is required at the solid-state polymerization process.
LG Chem's Condensed Non-phosgene Polycarbonate process
	LG Chem's Condensed Non-phosgene Polycarbonate Process cut the production time of polycarbonate in half compared to other non-phosgene processes. The melt-polymerization process of trans-esterification between DPC and BPA is designed to reduce the production time with excellent prepolymer quality. Polycarbonate prepolymer is further crystallized and polymerized to form polycarbonate in the solid-state polymerization process by adopting a newly designed single reactor.

Overview of MDI (Methylene Diphenyl Diiocyanate)

MDI is a raw material for Polyurethane. Pure MDI is used for casting elastomers and spandex fiber, thermoplastic elastomers. Polymeric MDI is mostly used for insulating and automotive materials. The global market size for MDI in the year 2000 was 2.4 million metric ton. Annual production of MDI in Korea is 130,000 metric ton.

The process for MDI production generally involves the use of phosgene, a toxic substance.
However, in 1995, LG Chem succeeded in developing an environmentally friendly and cost effective process that eliminates the use of phosgene. This newly developed process was introduced in the 'PEP Review', a research booklet published by Stanford Research Institute (SRI), with 11 domestic and 3 international patents.

2004/1/14 LG-Chem

LG-Dow Polycarbonate Acquisition
　　　http://www.lgchem.com/upload/ir/eng_hot_issue/LG-Dow_polycarbonateAcquisition_e.pdf

In order to expand a rapidly growing Engineering Plastic Business and to strengthen a synergy effect on business by a vertical integration, LG Chem determined to acquire LG-Dow shares which had been held by LG Corp.

Share Acquisiton Contents
◆Terms of Acquisition
　-Contents : acquire 50% of shares owned by LG Corp
　-Number of shares : 5,274,085 shares
　-Acquisition Price per share :
　　　・Evaluated Price per share according to Inheritance & Gift Tax :KW 3,640
　　　・Acquisition amount :KW 19.2bil

◆Acquisition schedule
　-Approval by BOD :'03.Dec 22
　-Payment & Closing :by '03.Dec.30
　-Approval by Fair Trade Commission : '04.Jan

Background & Outlook
◆Reinforcing a synergy by a Vertical Integration
◆Expanding a rapidly growing Engineering Plastic Business

　・LG Dow BPA consumption : 62,000ton/yr (KW 7.5bil)
　・LG Chem PC consumption　: 25,000ton/yr (KW 4.9bil)

◆Expecting enhanced business value when the balance of demand and supply is better.

2004/1/15 LG Chem

LG Chem develops a new Acrylic Acid production process
　　http://www.lgchem.com/press/releases/releases_view.jsp?idx=104

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has successfully developed a newly advanced Acrylic Acid production process using its own technology.

Acrylic Acid, which is the raw material for Acrylates, is a monomer widely used over 3000 products such as SAP (Super Absorbent Polymer), paint, adhesives, etc. This diversity in usage comes from its superior reaction quality.

Based on its wide properties, the global Acrylic Acid market is a KRWon 5 trillion market with an estimated annual growth of 5%. Currently, China has a dominant share with an annual growth of more than 15%.

With the development and integration of a new reacting structure and an innovative recovery & purification technique, LG Chem's new Acrylic Acid production process has greatly enhanced the production efficiency and stability. In 1998, the company also succeeded in the development of the oxidation catalyst, which is crucial in producing Acrylic Acids and commercialized it in 2000.

"The development of a new Acrylic Acid production process is the result of perseverance and countless hours invested in its development since 2001. The success has great significance since it is based on our own technology and that it is an improved process with a cost saving effect compared to the conventional process," said Jong-Kee Yeo, the CTO and president of LG Chem.

Only a few companies, worldwide, have succeeded in developing this Acrylic Acid production process. With the successful development of this technology as well as its commercialized oxidation catalyst, LG Chem has now become the world's 4th company to possess the entire process to produce Acrylic Acid. Moreover, LG Chem has taken a step further than its competitors by enhancing the lifespan of catalysts, productivity, and saving energy.

"The new process is expected to create an incremental net profit in our Acrylates business. Furthermore, additional benefits are expected as we have plans to export our new technology and to establish our own new facility in the near future," the CTO added.

Patents related to the company's new Acrylic Acid production process technology are currently pending in 9 countries such as Korea, the U.S., Japan and Germany.

Overview of LG Chem
LG Chem, Ltd., is the leading chemical company in Korea in terms of both size and performance. It is a vertically integrated chemical company that manufactures a wide range of products from petrochemical goods to high-value added plastics and high performance industrial materials. It also extends its chemical expertise to high-tech materials for electronics and information technology such as state-of-the-art rechargeable batteries and display materials.

With annual sales of KRW 5.4 trillion (Yr 2002) and a global workforce of approximately 10,000 employees, LG Chem plans to realize positive progress towards sustainable growth by consolidating its leadership in the domestic and international market.

Overview of the Acrylic Acid market
The global Acrylic Acid market is approximately KRWon 5 trillion (3.1 million ton per year). Leading players in the market are BASF(25%), R&H(18%), and NSCL(13%　＊日本触媒).

LG Chem's new Acrylic Acid production process

A. Reaction system
The new reaction system of LG Chem makes it easier to control the reaction temperature under severe reaction condition even with a highly active catalyst bed, which greatly enhances the stability of the system. Moreover, productivity is greatly increased by minimizing the production of by-products and the lifespan of catalysts are expanded by more than 20% from the effective elimination of the heat derived from the reaction.

B. Refining system
LG Chem's new refining system greatly raises the efficiency in the absorption unit of the Acrylic Acid produced, which reduces the size of the following purification system. This reduction in the size of the system leads to the significant decrease of the equipment cost. Moreover, the energy saving merit coupled with the elimination of dimmers, derived from high temperature, provides a profit increase of KRWon 1 billion.

2004-1-22 Asia Chemical Weekly

S Korea LG International in Russian ethylene, refining jv

LG International Corp (LGI), the foreign investment arm of South Korea's LG Group, said that has it formed a joint venture, the Tatar-Korean Petrochemical Co (TKNK), with partners in Russia to construct a refinery and petrochemical complex in Nizhnekamsk, Republic of Tatarstan, Russian Federation.

The complex will produce 600 000 tonne/year of ethylene and have the capacity to refine 7m tonne/year of oil, LGI said. It will also include plants for the production and refinement of polymers, the company said.



Tatneft JSC owns 45.45% of the new company, while Nizhnekamskneftekhim Inc has a 36.37% stake. Svyazinvestneftekhim, an Ignatov & Co Group company that holds shares in both Tatneft and Nizhnekamskneftekhim, and LGI both hold 9% stakes.
　　　　　　　　　　　　　　　　　正しくは 9.09%

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Tatneft News Summery Jan. 2004

OAO Tattar-Korean Petrochemical Company (TKNK) Established in Tatarstan
http://test.tatneft.ru/doc/FinReport/01_January_eng4.pdf

OAO Tatneft, OAO Nizhnekamskneftekhim, OAO Svyazinvestneftekhim, and South-Korean LG established OAO Tatar-Korean petrochemical company (TKNK).
TKNK will implement a project of constructing a petrochemical and crude oil refining complex on the basis of Nizhnekamsk refinery.
The constituent documents of the new venture were signed by Tatneft CEO Shafagat Takhautdinov, Nizhnekamskneftekhim CEO Vladimir Busygin, and vice-president of LG corp. Je Il Yang. At the board meeting, which took place the same day, Tatneft CEO S. Takhautdinov was elected chairman of the BOD of TKNK, and CEO of Nizhnekamsk refinery Khamza Bagmanov was appointed general director of TKNK.
TKNK's authorized capital amounts to $220 thousand. Major shareholders are Tatneft (45 percent), Nizhnekamskneftekhim (36 percent), Svyazinvestneftekhim (8 percent), LG (10 percent,正しくは 9.09%). LG proceeded to a feasibility study, and plans to attract first international bank loans through the Korean Export-Import Bank in summer 2004.
The complex will incorporate a refinery with annual output of 7 mln. t; an ethylene plant with annual output of 600 thousand tonnes, and polymer manufacturing and processing facility. Total project budget amounts to ca. $2.5 bln.

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Platts 2004/6/30

LG expects Tatarstan oil/petchem project financing by year-end

South Korea's LG group expects to settle a financing plan by December for a joint venture oil refinery and petrochemicals project in the republic of Tatarstan, sources at LG said Wednesday. A source from LG's construction and engineering subsidiary said the project's final scope and investment requirements would not be finalized until the end of the year.

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2004/9/22 Reuters 　　　　　　　　　　　　　　　　　　　　ＬＧ発表

LG clinches $3bn Russian deal
http://edition.cnn.com/2004/BUSINESS/09/21/russia.lg.reut/

South Korea's LG International Corp. and affiliate LG Construction Co. have clinched a $3 billion petrochemical plant deal with Russian oil firm Tatneft, LG International said Wednesday.

The deal, which LG said was the biggest of its kind in Russia, was struck during South Korean President Roh Moo-hyun's visit to Moscow for talks with Kremlin chief Vladimir Putin.

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2004/9/22 Platts

Tatarstan sign $1.7-bil petchem, refinery deal.

Tatarstan-Korean Petrochemical Co and South Korean LG have signed a $1.7-bil agreement to construct a refinery in Tatarstan. The agreement was signed in the presence of Russian president Vladimir Putin and South Korean president Roh Moo-Hyun in Moscow. The project is expected to be expanded to include a petrochemical complex pushing the total project cost to $3-bil. The first stage of the project proposes construction of a 7-mil mt/yr (140,000 b/d) refinery to handle heavy, high sulfur oil produced in Tatarstan and Bashkortostan and is to start at the end of the year. The second stage, at a cost of $1.2-bil, envisages a 600,000mt/yr ethylene unit. The Tatarstan-Korean Petrochemical Co was set up in January by Tatneft (45.45%), Nizhnekamskneftekhim(36.37%), Tatarstan authorities (9.09%) and South Korea's LG International (9.09%).

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2004.09.23 LG International

LG International-LG E&C won a $3 billion project from Tatarstan
http://www.lgicorp.com/eng/about/press_v.jsp?num=66&current_page=1&gubun=D

■ Signed a $ 1.7 billion contract for a phase I project and agreed on a 1.3 billion phase II project, to build a petrochemical and oil refining complex.
■ The largest ever, paved the way for entering the Russian plant market in the future.

LG International Corp., together with LG Engineering &Construction, won a $ 3 billion project to build a petrochemical and oil refining complex in Tatarstan. The project is the largest ever in the history of Korea-Russia relations.

In the Moscow Kremlin on September 21, 2004, LG International Corp. and the Republic of Tatarstan agreed to build a petrochemical and refining complex through the two-stage project worth $ 3 billion in total. Attended by presidents from Korea and Russia, LG International Corp and the Tatarstan government signed a $ 1.74 billion agreement for the construction of oil processing facilities through the phase I project.

This $ 3 billion project is designed to build the petrochemical and oil refining complex during the phase 1 and phase 2($1.3 billion) in the eastern area, about 1000 km away from Moscow in Russia.

The project of TKNK(Tatarstan Korea Neftekhim), a joint venture is the largest construction of petrochemical facilities in the history of Russia. LG International and LG E&C participated in the joint venture. LG International will finance the project while LG E&C will carry out the designing, procurement and construction (EPC turnkey) for the project.

Platts 2004/2/12

Korea's LG Chem short lists three sites in China for EDC project

LG Chem, South Korea's largest chemical producer, has short listed Tianjin（天津）, Guangdong(広東省), and central China as three likely locations for a planned worldscale EDC plant, a company official said Thursday.

2004/2/19 LG Chem

LG Chem develops new EP material applying nanotechnology
http://www.lgchem.com/press/releases/releases_view.jsp?idx=106

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has successfully developed a new high barrier EP material named HYPERIER® by applying nanotechnology.

EP (Engineering Plastics) Engineering Plastics are high performing plastics that are used as alternatives for metal hardware. They are highly durable to heat and impact, which makes it ideal for automobiles and electronic appliances components by enabling them to be more lightweight and portable.

2004/7/14 LG Chem

LG Chem becomes a global NPG producer through expansion
http://www.lgchem.com/press/releases/releases_view.jsp?idx=110

LG Chem, Ltd., the largest chemical company in Korea, announced today that it would expand its NPG (Neopentyl Glycol) capacity by 20,000 tonne to 50,000 tonne/year by 2005. Such an increase will position the company as the No.3 global producer and the No.1 producer in Asia.

NPG is the raw material for alkyd resin, unsaturated resin and powder resin. Such resins are used in paints for construction materials, electronic appliances, automobiles. Moreover, it is well known as an environment-friendly product.


NPG Production Process


Global NPG Producers

2004/7/26　中国・ASEANニュース速報 　　　　Degussa enters into research alliance with LG Chem

ＬＧ化学、独デグサと共同研究
http://www.e-plastics.gr.jp/japanese/nna_news/news/news0407_4/04072601.htm

　ＬＧ化学は22日、独デグサ（Degussa）社と共同研究のための覚書（ＭＯＵ）を締結したと明らかにした。両社は、情報電子部品に用いられる高性能素材の共同研究や技術情報の交換を推進する。

　ＬＧ化学は、米メリルランド研究所の設立（96年）を皮切りに、日本、中国にも研究開発（Ｒ＆Ｄ）センターを構築。今後も欧州の化学会社や研究機関との共同研究体制を拡大し、現地に合った製品・技術開発を強化するという。

　デグサ社は、塗料・染料、高機能性ポリマー、情報電子素材など精密化学素材メーカー。世界50カ国・地域で研究センターを運営し、基礎素材の研究分野では世界トップレベル。

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Korea Times 2004/7/22

LG Chem, Degussa Sign MOU
http://times.hankooki.com/lpage/biz/200407/kt2004072218004611910.htm

LG Chem and German-based Degussa have signed a memorandum of understanding (MOU) for joint research on high-function materials for next-generation electronics.

LG Chem CTO president Yeo Jong-kee and Alfred Oberholz, an executive of Degussa's research and development (R&D) unit, signed the MOU in Dusseldorf, Germany.

With the MOU, LG Chem seeks to consolidate its R&D capability through joint studies on technology developments in Europe to maximize synergy effect.

"We will focus on strengthening our power in R&D for European operations," Yeo said.

Degussa, a leading multinational chemical firm, is operating 50 research centers across the globe and producing paints and polymers.

2004/8/23 LG

LG Chem Signs Li-Ion Polymer Battery Development Contract With the USABC
http://www.lgchem.com/press/releases/releases_view.jsp?idx=112

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has been granted a USD 4.6 million contract by the United States Advanced Battery Consortium (USABC) to develop advanced Lithium-ion Polymer Battery cells for Hybrid Electric Vehicles (HEVs).

The USABC was formed in 1991 by the United States Department of Energy (DOE) and the BIG Three Automakers (GM, Ford, DaimlerChrysler) with the objective of pursuing research and development of advanced energy storage systems. Under the contract, LG Chem and Compact Power Inc. (CPI, LG Chem's U.S. battery system research institute,) will jointly carry out the project.

The project is the first step of a two-phase project for the development of high-tech battery pack systems for HEVs. During the course of the first phase, which will last until August 2005, LG Chem will develop a highly advanced lithium-ion polymer battery cells, while CPI will take charge of the development of the battery management system electronics and software.

"We received the highest scores in all categories that USABC put out to evaluate the candidates for the Li-Ion Polymer Battery Development Project. Our advanced technology in rechargeable batteries and battery systems has enabled us to become the first Asian company to sign a development contract with USABC," said Jong-Kee Yeo, the CTO and president of LG Chem.

LG Chem's highly advanced technology in Li-Ion Polymer batteries has received recognition for being the first to be applied in prototype HEVs. It was also the crucial factor in LG Chem winning the U.S. Pikes Peak International Hill Climb rally in 2002 and 2003 with its self-developed Li-Ion Polymer electric vehicle. Moreover, NASA/JPL (Jet Propulsion Laboratory) is currently evaluating LG Chem's technology for the Mars Explorer mission scheduled for 2007.

"Our Li-Ion Polymer battery can reduce the size and weight of the battery pack by 50% while doubling power and energy compared to Nickel Metal Hydride (NiMH) batteries, which are currently used in HEVs. Moreover, our customers have recognized our product as the most powerful battery in the market compared to the Li-Ion batteries presently under development by our global competitors. We intend to become the world industry leader by taking advantage of and constantly upgrading our technological edge," the CTO added.

In accordance to the annul growth of over 80% of HEVs in the U.S. market since the year 2000, demand for HEV batteries are forecasted to dramatically increase as well. "With its contract with USABC, LG Chem is now in an advantageous position for securing the Big Three Automakers as potential customers," said Yeo.

Overview of LG Chem
LG Chem, Ltd., is the leading chemical company in Korea in terms of both size and performance. It is a vertically integrated chemical company that manufactures a wide range of products from petrochemical goods to high-value added plastics and high performance industrial materials. It also extends its chemical expertise to high-tech materials for electronics and information technology such as state-of-the-art rechargeable batteries and display materials.

About CPI
Compact Power Inc. (CPI) is located in Monument just north of Colorado Springs, Colorado. CPI, together with its majority shareholder, LG Chem Ltd. of Korea, is a global leader in the research, development, and production of advanced technology battery systems for customers worldwide. Together with LG Chem, CPI design large lithium-ion polymer batteries (LiPBs) for electric vehicles (EVs), hybrid electric vehicles (HEVs), and related commercial and military-aerospace applications.

About HEV
Hybrid Electric Vehicles (HEVs) are vehicles that combine an internal combustion engine with a small electric motor and a battery. They are now finding commercial acceptance as an effective measure to counter global warming and pollution and reduce the dependence on fossil fuels without sacrificing vehicle performance.

2004/9/13 LG Chem

LG Chem Advances Into The PDP Filter Business With Ambition
http://www.lgchem.com/press/releases/releases_view.jsp?idx=113

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has advanced into the PDP filter business. The initial capacity is 720,000 pieces/year at Ochang Techno Park, the company's industrial complex located in Korea for the production of various Information & Electronic materials.

Plasma Display Panel (PDP) filter is the core optical material for PDP TVs, which improves optical properties of the PDP image and protects near infrared rays and electromagnetic radiation from the PDP module. Due to such essential functions, the PDP filter market is skyrocketing at an annual growth rate of over 50%.

The company's successful development and commercialization of PDP filters, which took only 2 years, are based on its own advanced technology in Precision Coating and Thin Film Processing, accumulated through its current polarizer business. Moreover, the company has moved a step further by developing a unique optical designing ability, which is expected to greatly contribute to satisfying the customer's various needs.

"The global PDP filter market is expected to be approximately KRW 570 billion in 2004, in which we aim to achieve a total sales of KRW 30 billion. Moreover, we intend to expand this market share to 35% by 2008 through aggressive marketing and expansion," said Soon-yong Hong, Executive Vice President and Chief of LG Chem's Information & Electronic Materials Business.

In addition, by selecting the PDP filter business as one of its core business areas, the company plans to expand its capacity to 1.8 million piece/year and secure a global market share of 20% by 2005.

"PDP is the next generation display, which provides a larger display area as well as higher picture quality. By entering into the PDP filter business, we expect to benefit from the rapid boom in the PDP market while enhancing the competency of the PDP manufactures in terms of both cost and quality," Hong added.

As part of its strategy to strengthen its Information & Electronic Materials business, LG Chem has been solidifying its rechargeable battery and polarizer businesses as well as seeking new business areas. With the advancement into the PDP filter business, the company further plans to advance into new areas such as HEV (Hybrid Electric Vehicle) batteries, fuel cells and other display materials in the following years.

Overview of LG Chem
LG Chem, Ltd., is the leading chemical company in Korea in terms of both size and performance. It is a vertically integrated chemical company that manufactures a wide range of products from petrochemical goods to high-value added plastics and high performance industrial materials. It also extends its chemical expertise to high-tech materials for electronics and information technology such as state-of-the-art rechargeable batteries and display materials.

About PDPs
PDP, Plasma Display Panel is the digital and multimedia display system for the future and it is designed to be able to hang onto the wall. PDP can create the bright and clear picture more than other display devices. PDP has the thickness less than 10 cm, as well.

2004/9/16　LG Chem

LG Chem To Establish A Holding Company In China
http://www.lgchem.com/press/releases/releases_view.jsp?idx=114

LG Chem, Ltd., the largest chemical company in Korea, announced today that it will establish a holding company in Beijing, China by 2005. The formation of the holding company, 'LG Chem (China) Investment Co., Ltd.' is part of the company's plan to become the Top 5 chemical company in China.

The holding company, scheduled to open on January 1st 2005, will cover the overall management of LG Chem's business in China, such as business strategies, financials, Human Resources, and legal affairs. The company currently has 8 manufacturing facilities, 2 marketing offices, and 3 branch offices in the region.

"We have advanced our initial plan to switch our Chinese Central Office into a holding company by 2008 in order to deal with the explosive business expansion trend in China. The establishment of a holding company will enable LG Chem to increase its management efficiency over its current businesses as well as lay grounds for the entrance into new business areas in China," said Jong-Pal Kim, President of LG Chem China.

In addition to the formation of a holding company, LG Chem plans to set up a R&D center to complete its business structure from its initial stage of product development to manufacturing and sales. Such completion is expected to meet local customers' needs in a timely fashion.

"Local production currently takes up about 40%(USD 820 million) of our sales in China. We plan to increase this portion to 57%(USD 1.84 billion) by 2006 and 79%(USD 3.56 billion) by 2008, ultimately reaching the level of 100%," Kim added.

With the company's success in its petrochemical business in China, LG Chem plans to expand its complete business structure from production to sales for its Industrial Materials and Information & Electronic Materials business in China.

"We are forecasting an increase in our sales in China from last year's USD 1.5 billion to USD 2.1 billion in 2004 and USD 3.2 billion in 2006. Moreover, with sales of USD 4.5 billion and an operating profit rate of 7% by 2008, the company aims to become the Top 5 chemical company in China in terms of both scale and profitability," Kim said.

天津LG大沽化工 (LG化学グループ85%/天津大沽化工15%) Tianjin LG Bohai Chemical Co., Ltd.　(追加） 天津LG Windows & Doors LG Chem (Nanjing) Information & Electronic Materials 寧波LG甬興化工 (LG化学75%/寧波甬興化学化工25%) LG Chemical Engineering Plastics LG Chemical Phosphor Materials

中国・ＡＳＥＡＮニュース速報　

【韓国】ＬＧ化学、自動車用ＥＰで米攻略

　ＬＧ化学は20日、米レテック（RheTech）社と、自動車のバンパーなどに用いられる高機能性エンジニアリング・プラスチック（ＥＰ）生産のためのＯＤＭ（デザイン・仕様の決定を受託側が行う委託生産）契約の調印式を行った。

　これによりＬＧ化学は、来年からレテック社の工場の一部を利用してＯＤＭ方式で生産を開始し、ＬＧ化学ブランドで販売していく。米国へのＥＰ輸出規模も、今年の300万米ドルから来年は1,000万米ドルに引き上げる計画だ。

　レテック社は米ミシガン州に年産７万トン規模のＥＰ工場を保有している。

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RheTech　http://www.rhetech.com/

We are known in the industry for our comprehensive ability to design, manufacture and deliver a complete line of polyolefin alloys, compounds and concentrates.

2005/7/27 LG Chem

LG Chem to Expand Acrylic Acid Plant in Yeosu

LG Chem, Ltd., the largest chemical company in Korea, announced its plans to add a fourth acrylic acid plant in Yeosu by the end of 2007. The new plant will produce 80,000 mt/yr of crude acrylic acid. Through the new investment, LG Chem will have a total of 4 acrylic acid plants with a total production capacity of 240,000 mt/yr.

The new investment is particularly noteworthy, as LG Chem will be using its own developed production technology. LG Chem's new process is an enhanced technology that improves the production efficiency and stability through a new reaction system and innovative purification technique.

Overview of LG Chem
LG Chem, Ltd., is the leading chemical company in Korea in terms of both size and performance. It is a vertically integrated chemical company that manufactures a wide range of products from petrochemical goods to high value added plastics and high performance industrial materials. It also extends its chemical expertise to high-tech materials for electronics and information technology such as state-of-the-art rechargeable batteries and display materials.

2004 Acrylic Acid Producers in terms of capacity 　　Unit: KMT

　* LG Chem’s new plant will apply its own technology.

Acrylic Acid Supply and Demand　　Unit: KMT

* Source: Tecnon (2004), LG Chem

2005/8/31　LG Chem

LG Chem Develops New Production Method for LCD Color Filters
http://www.lgchem.com/press/releases/releases_view.jsp?idx=130

LG Chem, Ltd., the largest chemical company in Korea, announced today that it developed its own production method to produce color filters, a key component for LCDs. Also the new development is a departure from the previous 'photolithography method'.

A color filter is a key component, which sharpens the color of LCDs. It also accounts for 20% of the manufacturing cost of the LCDs.

The new production method enables LG Chem to simplify the manufacturing process and saves manufacturing cost and time by reducing its production stages from 16 to 3 steps.

The new process is an 'Ink Jet Printing Process' which prints ink on the surface of the LCD glass plate. It is a process that can be described as printing paper on an ink jet color printer.

Comparison between the previous and new method
The new production method greatly reduces manufacturing cost and time, making the previous 16 development stages into 3.

September 06, 2005 Dow

LG-DOW Proceeds with Project for Second Polycarbonate Train
Start-up Will Bring 65,000 Metric Tons to Korea and Broader Pacific Markets
http://news.dow.com/dow_news/prodbus/2005/20050906a.htm

LG DOW Polycarbonate Ltd. (LG-DOW), a 50/50 joint venture between The Dow Chemical Company and LG Chem, Ltd., today announced the next steps in a plan to build its second polycarbonate train in Yeosu, Korea.

"Basic engineering work for the second polycarbonate train is already completed, paving the way for us to initiate the construction process," said Mark Remmert, LG-DOW President and one of two representative directors for the JV. "We have also appointed a full-time project manager to take us through detailed engineering to a fully operational train."

LG-DOW's second polycarbonate train has a planned nameplate capacity of 65,000 metric tons (143 million pounds), which is designated to supply Korea and other markets in Asia Pacific. Assuming that all milestones are achieved, it could be fully operational in less time than the industry average of two years. This would be made possible in part because critical infrastructure for a second train was included in the construction of the joint venture's first polycarbonate train, which began in July 2001.


About LG DOW Polycarbonate Ltd.
A 50/50 joint venture between The Dow Chemical Company (Dow) and LG Chem, Ltd. LG- DOW is among the largest petrochemical investments in Korea. LG-DOW commenced operations on July 1, 2001, when it started its first 65,000 MTA plant in Yeosu, Korea, assuming the market franchise for CALIBRE Polycarbonate resins from The Dow Chemical Company. The primary business of LG-DOW is the manufacture and supply of CALIBRE Polycarbonate resins to customers in Asia Pacific.

2005/9/28 LG Chem

LG Chem Plans to Commercialize Portable Fuel Cell
http://www.lgchem.com/press/releases/releases_view.jsp?idx=131

LG Chem, Ltd., the largest chemical company in Korea, announced today that it has completed its development of portable fuel cells and plans to commercialize the product within this year. Methanol fuel will be used to power the fuel cells.

The durability of LG Chem's fuel cells lasts for more than 4,000 hours, which is 8 times longer than products developed by its competitors.

Editor's Note
Overview of LG Chem
	LG Chem, Ltd., is the leading chemical company in Korea in terms of both size and performance. It is a vertically integrated chemical company that manufactures a wide range of products from petrochemical goods to high value added plastics and high performance industrial materials. It also extends its chemical expertise to high-tech materials for electronics and information technology such as state-of-the-art rechargeable batteries and display materials.
Fuel Cell
	Fuel cell is a mechanism, which transform chemical energy such as hydrogen and methanol into electric energy. Unlike batteries, which require recharging, fuel cells can continuously produce electricity under the condition that fuel is constantly supplied. It is also environment friendly and is considered the next generation of energy.
Development Trend of Portable Fuel Cell
	A portable fuel cell can be largely classified into methanol fuel cell and a hydrogen macromolecule fuel cell that requires a miniature reformer. The hydrogen macromolecule fuel is not adequate to be applied on mobile IT devices since it requires a macro reformer or a hydrogen storage container to generate power. On the other hand, the DMFC (Direct Methanol Fuel Cell) can contain higher levels of energy and uses less dangerous methanol to generate power; therefore, the DMFC is widely being developed over the hydrogen macromolecule fuel cell. LG Chem developed the DMFC.
Direct Methanol Fuel Cell
	Methanol fuel cells generate electric power by mixing methanol with air (oxygen); therefore, it does not require a macro reformer. It's also much more portable than hydrogen macromolecule fuel cells. Moreover, methanol fuel cells are less dangerous than hydrogen macromolecule fuel cells as it generates power under 100°C. In addition, methanol fuel cells contain 4,759 Wh/L of energy density, which is much higher than the energy density of rechargeable batteries (450 Wh/L).
Global Market for Portable Fuel Cell
	* Source: Fuel Cells for Portable Power, Darnell for US Fuel Cell Council, 2003

2005/10/4 LG Chem

LG Chem Launches HI-MACS Manufacturing Facility in U.S.A. 　　　　　人工大理石板
http://www.lgchem.com/press/releases/releases_view.jsp?idx=132 10.04.2005

LG Chem, Ltd., the largest chemical company in Korea, announced today that it will open its first U.S manufacturing facility, LG Chem Industrial Materials Inc. (LG CIM), in Gordon County, Georgia. LG Chem will commemorate the grand opening of the facility on 3rd October 2005.

The new facility will produce LG HI-MACS, which is an artificial acrylic solid surface, mainly applied to bathroom and kitchen counter tops.

朝鮮日報　2005/11/29

世界初　LG化学、宇宙服などの先端繊維原料の工程開発

　LG化学が防弾チョッキと防火服、宇宙服など先端繊維の原料として用いられるテレフタルアルデヒド（TPAL）の地球に優しい工程を世界で初めて開発した。
　LG化学は29日、大田（テジョン）技術研究院でテレフタルアルデヒドの大量生産が可能な新工程を独自に開発したことを明らかにした。
　LG化学は今回の地球に優しいテレフタルアルデヒド新工程技術と関連する多数の特許を国内及び米国、日本、ドイツなど海外9カ国に出願中で、2008年ごろから商業生産に入る計画だ。

2005/11/29 LG Chem

LG Chem Develops a New Production Process for TPAL テレフタルアルデヒド
http://www.lgchem.com/press/releases/releases_view.jsp?idx=134

LG Chem, Ltd., the largest chemical company in Korea, announced today that it developed a new environment-friendly process to mass-produce terephthalaldehyde (TPAL).

TPAL is an organic synthesis intermediate for dyestuffs, pharmaceuticals, specialty polymers, electronic materials, and at present it is mostly used to produce fluorescent whitening agents. 蛍光増白剤

The existing TPAL production process involves chlorination of para-xylene and hydrolysis 加水分解of the chlorinated xylene. The process is harmful to the environment as it uses chlorine as a reactant and emits hydrochloric acid as a by-product. Another problem with the existing process is that it is not cost effective enough to mass-produce. Currently, China and India are major producers.

LG Chem's new manufacturing process resolved these problems by using air instead of chlorine, thus making the process environment-friendly. Furthermore, LG Chem lowered production cost by implementing its own high performance catalyst and optimized the overall production process.

The company's ability to mass-produce, could cut the price of TPAL down to more than half of its current price, broadening its usage and opening a wider market for the product. One of many applications where TPAL can be used is in specialty fibers for protective fabrics such as bulletproof vests, flame retardant clothes and space suits.

"The new process holds great significance as it is both environment-friendly and cost effective," said Jong-Kee Yeo, President and CTO of LG Chem.

Overall, LG Chem has already applied for several patents and currently waits for approvals from the U.S, Japan, Germany and nine other countries. Future plans for the company are to sell its technology license and start mass production by 2008.

Existing Process Vs. LG Chem’s Process
The existing process requires chlorine (Cl2), which emits hydrochloric acid (HCl). LG Chem's new process uses air instead of chlorine as a reactant.

Platts 2006/9/6

S Korea's LG may scrap 80,000 mt/year PVC line in efficiency move

South Korea's LG Chem has been considering scrapping an 80,000 mt/year polyvinyl chloride line in the company's Yeosu complex during November or December this year in an effort to improve production efficiency, a company source said Wednesday.

2006/10/20　YONHAP NEWS

GSグループの石油化学工場、12月に商業稼動

GSグループオーナー一族が6億ドルを投資し中国の山東省青島に建設したパラキシレン工場が、近く商業稼動を始める見通しだ。GSカルテックスの許東秀（ホ・ドンス）会長が19日、記者団に対し明らかにした。
　許会長によると、麗東石油化学有限公司の青東工場は現在試験稼動中だ。許会長らの共同出資で2003年にシンガポールに設立したGSアロマティックスが、麗東石油化学の株式60％を保有している。麗東石油化学は当初、9月に工場を完工し操業する計画だったが、中国政府が原料のナフサの輸入を許可せず難航していた。しかし、中国との認可問題が解決し12月初めからは商業稼動に入る見込み。許会長は「パラキシレン70万トンにベンゼンやトルエンまで合わせると年間110万トンの芳香族化合物を生産し、中国で販売することになる」と説明した。青東にほかに40万坪の土地を確保しており、事業が軌道に乗れば拡大に取り組む考えだ。

　GSカルテックスや系列会社ではなくオーナー一族の個人投資で会社を設立したのは、中国では個人投資が有利なため。GSカルテックス関係者は、中国がナフサに高い関税を課しているために芳香族製品の生産に障壁となっていると指摘し、韓中自由貿易協定（FTA）締結で解決するのが望ましいとした。許会長によると、現在河北省では年産2万トン規模のポリプロピレン工場を操業している。このほか青島一帯でガソリンスタンドと整備のチェーン事業にも本格的に乗り出すなど、中国内で事業を拡大していく考えだ。中国でガソリンスタンドが400〜500か所に増えれば、韓国で生産された石油製品を販売することで相乗効果が期待されるという。

　　60% by GS Aromatics, 30% by OOC and 10% by Red Star Chemical Group Ltd

---

2006/02/20 　朝鮮日報

GSカルテックスは18日、中国青島市経済技術開発区でGSガソリンスタンド1号店の起工式と中国現地法人「GSカルテックス石油有限公社」の開所式を行ったと19日、明らかにした。

2007/5/25 Asia Chemical Weekly

Qingdao Lidong commissions aromatics project commercially

On May 22 2007, Qingdao Lidong Chemical Company (Lidong Chem 麗東石油化学) hold a ceremony for the commercial commission of aromatics project in Qingdao Economic Development Zone, Qingdao, Shandong Province.

The project construction was completed in late 2006. It has started trial operation for 5 months. With total investment around USD 600 million, the project includes 700,000 tonne/year paraxylene (PX), 250,000 tonne/year benzene, 150,000 tonne/year toluene and 113,000 tonne/year raffinate.

The project also integrates with a 35,000 bbl/day reformer, using the continuous reforming technology from UOP. The feedstock - heavy naphtha - is mostly sourced from S. Korea by GS Caltex; while the output will supply the China domestic market, in which there are lots of PTA project were planned or under construction.

Lidong Chem was setup in late 2003, it is the 60:30:10 jv by GS Aromatics (Singapore subsidiary of South Korean refiner GS Caltex), Oman Oil Co (OOC) and Qingdao Redstar Chemical Group (Redstar Chem 青島紅星化学).

Redstar Chem is a local government owned company which mainly produces inorganic salt (particularly barium and strontium carbonates) and other chemicals.

---

Apr 3, 2008 Reuters

GS Aromatics, Sinopec sign joint investment deal

South Korea's GS Aromatics has signed a joint investment agreement with China's Sinopec Corp to co-manage Qingdao Lidong Chemical Co Ltd, GS Caltex said on Thursday.

Under the deal, Sinopec will secure part of the shares in the petrochemical company, which is now owned by GS Aromatics with 60 percent stake, GS Caltex said in a statement.

GS Aromatics, a petrochemical company under GS Holdings Corp, and Sinopec will jointly run Lidong Chemical, the statement added.

"Sinopec will secure part of the shares, but the amount has not been set yet," said Kang Tae-hwa, a spokesman at GS Caltex.

Qingdao Lidong Chemical, which started commercial production in 2006, has an annual capacity of producing 1.1 million tonnes of aromatics.

British Plastics & Rubber October 30, 2006

LG bids for supremacy in polypropylene

LG International is to start selling polypropylene in Britain as its new plant in Oman comes on stream. The company will take 250,000 - 300,000 tonnes per year of the 340,000 tonnes capacity of the Oman Polypropylene plant - a 20:80 joint venture between LGI and the Oman Oil company - and plans to sell 100,000 tonnes of this into European markets. Its target is to sell 20,000 tonnes of homopolymer in the UK within two years at 'competitive prices' and to become the largest stockist of PP homopolymer in the country.

Platts 2006/11/15

S Korea's LG Petrochemical to become propylene exporter in 2007

South Korea's LG Petrochemical is set to become a net exporter of propylene from 2007, following the completion of its olefins conversion unit at Yeosu in September this year, company sources said Tuesday. The OCU is able to produce 80,000 mt/year of propylene.

May.31,2007　english.chosun.com　

LG Opens LCD Cluster in Poland

LG has established a bridgehead in Poland to further advance into the European market, with a one-stop manufacturing cluster for LCD components and televisions that opened on Wednesday.

Key components for the cluster in Poland will come from Korea. LG plans to assemble and produce LCD components and finished TV sets at the cluster for distribution in Europe, the world's largest LCD TV market.

LG held a dedication ceremony for the LG Poland LCD Cluster near the city of Wroclaw in the southern part of the Central European country.

Four LG Group affiliate facilities are operating in the cluster -- LG Electronics' finished TV set assembly line, LG.Phillips' LCD module assembly plant, LG Chem's polarizer plant and LG Innotek's inverter and power module manufacturing plant.

The W500 billion (US$1=W931), 1.5 million-sq.m cluster is LG's third largest manufacturing base after the Paju Display Cluster measuring 4.4 million sq.m and the Nanjing Display Cluster measuring 2.04 million sq.m. LG plans to produce 2.4 million LCD units annually at the Poland site.

Japan's Toshiba, which holds a 19.9 percent stake in the Poland subsidiary of LG.Phillips LCD, is now building an LCD TV plant in the area which should begin operating in August. Toshiba is expected to become a major buyer from LG.

Jul 05, 2007 　Thomson Financial via COMTEX

SKorea's LG Chemical to merge with LG Petrochemical to boost synergy

South Korea's largest chemical company LG Chemical Ltd said Thursday its board has approved a plan to merge with LG Petrochemical Co Ltd in a move aimed at boosting operational synergies between the two.

LG Chemical already holds 40 percent of LG Petrochemical as of end-2006.

Following the merger, LG Chemical said it will have an annual ethylene production capacity of 1.66 million tons, placing it as the second largest domestic producer and fifth in the Asian region.

LG Chem currently has 40% ownership of LGPC, with 49.8% of shares floated on the Korea Stock Exchange, and 10% owned by LGPC's treasury from a share buy-back scheme rolled out last year.

　

June 25, 2008 Asia Pulse

LG Chem signs formal deal to buy Kolon's facility

LG Chem Ltd., South Korea's largest chemical maker, said Tuesday it has signed a formal contract to buy a facility to produce super-absorbent polymers from Kolon Industries Co. for some 90 billion won (US$86.8 million).
Super-absorbent polymers, which can absorb many times their own weight in liquid, are used in personal disposable hygiene products such as baby diapers and feminine napkins.

With the acquisition, LG Chem aims to expand sales of the material to 1.5 trillion won by 2015 from the current 100 billion won, the company said in a statement.

"The acquisition of the SAP production line is the first visible result of LG Chem's efforts to seek growth through takeovers," LG Chem Vice Chairman Kim Ban-seok said in the statement.

The facility, which has an annual production capacity of 70,000 tons of super-absorbent polymers, is located at a city of Gimcheon, 234 kilometers south of Seoul.

ーーー

June 24, 2008　Thomson Financial via COMTEX

SKorea's LG Chem buys Kolon's SAP operations for 90 bln won

South Korea's biggest chemical maker LG Chem Ltd. said on Tuesday it had agreed to buy Kolon Industries Inc.'s super absorbent polymer (SAP) operations for about 90 billion won ($87 million).

Kolon Industries is the world's sixth-largest maker of SAP, which is used to make diapers and sanitary pads.

LG Chem, which provides glacial acrylic acid 精製アクリル酸, a key raw material for SAP, said the purchase was a "win-win strategy" for both companies as key global SAP makers expand their capacity and seek vertical integration.

The company said it plans to use Kolon as a foothold to form business tie-ups with petrochemical companies in South America and the Middle East for glacial acrylic acid and SAP operations.

"We are currently studying a plan to form joint ventures with overseas companies but ... a detailed decision has not been made yet," LG Chem spokeswoman Tracey Park said.

LG Chem said it aims to achieve over 1.5 trillion won in revenue from the glacial acrylic acid and SAP business by 2015 by actively boosting capacity.

LG Chem currently derives about 300 billion won in annual revenue from its glacial acrylic acid operation, while Kolon Industries is expected to generate 100 billion won in revenue this year from its SAP business.

Kolon

1985 Establishment of the production process for Super Absorbent Polymer (jointly with Korea Institute of Science & Technology)
1987 Commercialization of the production process (in Incheon)
1993 Expansion of Super Absorbent Polymer plant (in Gimcheon 慶尚北道金泉市)
2002 Expansion of Super Absorbent Polymer plant (for the capacity of 41,000 tons a year)
2007 Expansion of Super Absorbent Polymer plant (in Gimcheon)

Chemical Material Org
：	Fibers	：	Nylon、Polyester、Specification、miocell
	Chamude		Staple Fiber、Substrate、Suede、Others
	Industrial Materials		Tirecord、Spunbond、Tech-Yarn、Airbag、Heracron(R)
	Films		PET Film、Nylon Film、Stamping Foil、Window Film、Metalized Film
	Electronic Materials		Diffuser Sheet、Prism sheet、Diffuser Plate、Overcoat、Column Spacer、Black Matrix、 Light Diffusing Agent form Diffuser、DFR for PDP、Dry Film Photo Resist、Solder Mask、 Liquid Photoimageable Resist Ink、Polyimide Film
	Engineering Plastics		ENPLA
Performance Material Org]
	Hydrocarbon Resin		SUKOREZ、HIKOREZ、HIKOTACK
	Super Absorbent Polymer		K-SAM
	Phenolic Resin		HIRENOL
	Polyurethane Resin		KONY URETHANE
	Thermoplastic Polyurethane Resin		ELLAS

1970-79
The Petrochemical Industry Complex was established in Ulsan through Government initiative to make Korea an export powerhouse with the development of the capital/technology-intensive heavy chemical industry. In 1976, we established a business in the Ulsan Petrochemical Industry Complex with the aim to produce Hydrocarbon resin products with our own technology.

1980-89
During the period, Korean economy made rapid progress through brisk exports and Yeosu Chemical Industry Complex was established. KOLON INDUSTRIES grew as a leading export business based on the momentum gained in successful development of phenolic resin and super absorbent polymer.

1990-99
Chemical businesses vied with each other for large-scale expansion of their production capacities, thus laying the groundwork for the national economy.
In the wake of the financial crisis, Asia economic crisis hit Korea in 1997 and 1998, however, the chemical industry had to go through a process of restructuring as other industries did. Despite various difficulties, KOLON INDUSTRIES managed to overcome obstacles, pouring all possible efforts into development of new technology, managerial innovation and internal restructuring, thus gaining momentum to enhance its competitiveness.

2000-
At present, chemical businesses in Korea are accelerating their effort to make forays into overseas markets and expand their business scale in an attempt to cope with competition from later starters, including BRICs and the Middle East countries, mergers among the world's major chemical businesses, and the jump in crude oil prices. KOLON INDUSTRIES is also following suit, having established a local phenolic resin joint venture in Suzhou, China as a forward base for forays into overseas markets, with the aim to be a Great Company with formidable competitiveness.

2008/12/1 LG Chem

LG Chem to spin off Industrial Material Division

The board of LG Chem Ltd., South Korea's leading producer of chemicals, decided Tuesday to spin off its industrial material division by the end of March next year to secure a new growth engine.

Shareholders will hold a meeting on January 23 to vote on the proposed spinoff, LG Chem said in a regulatory filing.

"The move is aimed at seeking a new growth engine by enhancing the competitive edge of each business and boosting investor interest," the company said.

LG Chem's business portfolio ranges from petrochemicals, batteries, information and technology materials to industrial materials, including auto parts and construction interior materials.

　　　　　　　　　　　　　　　　----------------

IT & Electronic Materials

Optical & Display Materials
Rechargeable Batteries
Printed Circuit Materials
Toners

Chemicals & Polymers

PVC/Plasticizers
ABS/PS
PO (PE)
Acrylates/IPA/NPG/Polycarboxylate
EP
Specialty Polymers
Alcohol
Daesan Plant
Synthetic Rubbers

Industrial Materials

LG FLOORS
LG VIZUON（塩ビフィルム）
LG HI-MACS（人工大理石）
LG XPRO（ジオメンブレン：土壌補強膜）
LG ProSol（防水加工布）
LG NUTREX
LG XCLA
LG Automotive Components（バンパー、燃料タンク、ハンドル、その他）
Housing Materials （ 窓枠、ドア材、サイディング、パイプ、人工皮革など）

2009/3/11　トステム　

トステムとLG化学が新合弁会社を設立

住生活グループのトステム株式会社（本社：東京都江東区、社長：小川康彦、以下トステム）と韓国LGグループの株式会社LG化学（LG Chem. Ltd.、本社：大韓民国ソウル市、CEO：金磐石[キムバンソク]、以下LG化学）は、韓国ソウル市にアルミ建材および産業用アルミニウム製品の供給拠 点となる合弁会社「LG−TOSTEM BM Co., Ltd. ^※（以下LG−TOSTEM）」（設立日：2009年4月予定）を設立することに合意し、本日、新会社設立に関する「合弁会社契約書」を締結しました。

「LG−TOSTEM」は、トステムのアルミ建材の製造技術と、LG化学の樹脂サッシ等産業建材の販売力を融合させ、近年建物の高層化など、アルミサッシ需要が高まる韓国における販売拡大を目指します。

LG 化学は、2009年4月1日に3つの事業分野（石油化学、情報電子素材、産業材）のうち産業材事業部門を分社化し、新しく「LG Hausys（LGハウシス）Co., Ltd（以下LG Hausys）」を設立します（本件は2008年12月発表済み）。「LG−TOSTEM」は、新会社「LG Hausys」の子会社として、アルミ建材、産業用アルミニウム製品などを韓国の市場に供給していきます。

【新会社の概要】

会社名：LG−TOSTEM BM Co., Ltd.（4月設立時の社名予定）
所在地：大韓民国ソウル市
設　立：2009年4月（予定）
資本金：60億ウォン
出資比率：LG化学 51％、トステム 49％
従業員数：25名（設立時）
事業内容：アルミ建材および産業用アルミニウム製品の製造、販売

 ＬＧ化学のパク・スンベ・アルミ事業担当常務は「ＬＧ化学が持つポリ塩化ビニル（ＰＶＣ）サッシ事業の競争力とトステムのアルミサッシ先進技術を接続し、サッシ市場全体をリードするシナジー効果を創出したい」と述べた。   

May 15, 2009

LG Chem plans US$50 mln plant in China

LG Chem Ltd., South Korea's top chemicals maker, said Friday it plans to spend US$50 million to build a synthetic rubber plant in China.

The new plant, to be located in Tianjin, will be completed in the first half of next year, LG Chem said in a regulatory filing.

LG Chem aims to generate $150 million in sales by 2011, according to the filing.

中国の天津渤天化工有限責任公司と合弁会社を設立、総額5000万ドルを投じ、天津に年産６万トン規 模のスチレン・ブタジエン・スチレン（SBS）の新工場を建設する。今月着工、来年上半期の完成を目指す。中国のSBS市場は年率８％以上の高成長を誇る 一方、自給率が７０％未満とされており、国内生産が需要の伸びに追いついていない。ＬＧ化学は現地生産拠点を構えることで、中国の旺盛な需要に応え、11年までに1億5000万ドルの売り上げを目指している。

2009/7/22　

LG Chem、中国海洋石油との合弁で広東省でABSを生産

LG Chem は7月21日、中国海洋石油（CNOOC）との50/50 JVで370百万ドルを投じてABS工場を建設すると発表した。
JV名はCNOOC & LG Petrochemicals Co で、広東省恵州市に建設する。
2011年に先ず15万トンをスタート、2013年に倍増して計30万トンを生産する。

製品は全国の340万トンの半分を消費する南中国で販売し、販売目標を2012年に3億米ドル、2014年に6億ドルとしている。
原料はCNOOCがその製油所とエチレンセンター（中海シェル石化）から供給する。

LG Chemは浙江省寧波市に寧波LG甬興化工（LG Chem 75%/甬興化工 25%）を有しており、増設を重ねて2006年9月に48万トンとしたが、その後の手直しで現在能力は58万トンとなっている。
同社ではこれを2012年に70万トンとする予定で、恵州プラントが完成すれば、LG Chem の中国の能力は100万トンとなり、麗川の60万トンと合わせ、全体能力は160万トンとなる。

台湾のChi Mei は台湾に100万トン、江蘇省鎮江に70万トンの能力を持つ。

中国のABSメーカー

2011/4/8 plastemart.com　

LG Chem mulls investment of US$1.3 bln in Polypropylene facility in Kazakh

Leading South Korean chemical manufacturer LG Chem is seeking to invest up to US$1.3 bln in a Kazakhstan facility to produce 551,000 tpa polypropylene. Kazakh energy officials are scouting for another partner in the venture located in the Western Caspian Sea province of Atyrau, as per europeanplasticsnews.com.
International Petroleum Investment Company (IPIC) tops the list of potential investors.
Total investment is estimated at US$4 bln, of which South Korean banks will provide US$2.7 bln and the balance US$1.3 bln will be invested by the participants.
Output will be ramped up to 882,000 tons per year with launch of the facility’s second phase.

September 21, 2011

Badger Licensing to Provide Cumene and BPA Licenses to LG Chem in South Korea

Badger Licensing LLC (Badger) today announced that it was awarded contracts by LG Chem Ltd. (LG) to license its proprietary technology for a 200,000 metric tons per annum cumene plant and a 120,000 metric tons per annum bisphenol A (BPA) plant in Daesan, South Korea. The new plants will be part of an integrated, world-scale facility scheduled for mechanical completion and startup in 2012.

“This repeat business reinforces our commitment to customer satisfaction as we continue to develop and improve these technologies.”

LG operates one cumene plant and two BPA plants at their Yeosu site, all licensed by Badger.

“Badger’s cumene technology provides high product purity, low capital cost, feedstock flexibility and exceptionally long catalyst cycles, and our BPA plants have an industry reputation for high operational reliability and superior product quality,” said Mark Healey, president of Badger. “This repeat business reinforces our commitment to customer satisfaction as we continue to develop and improve these technologies.”

More than nine million metric tons of cumene capacity has been licensed by Badger and its predecessor companies since the technology was introduced in 1995.

Badger began marketing BPA technology in 2004 and has licensed nearly two million metric tons of capacity.

Badger Licensing LLC, headquartered in Cambridge, MA, is a venture of affiliates of The Shaw Group and Exxon Mobil Corporation. Badger Licensing is principally engaged in marketing, licensing, and developing technologies for ethylbenzene, styrene monomer, cumene, and bisphenol A. The venture also supplies basic engineering packages for the licensed processes through Shaw and facilitates catalyst supply to its licensees through ExxonMobil Catalyst Technologies LLC.

Badger Licensing LLC is a joint venture between Badger Technology Holdings LLC (affiliate of The Shaw Group Inc.) and Alkylation Licensing LLC (affiliate of Exxon Mobil Corporation).

09/26/2011 SustainableBusiness.com

S. Korean Electronics Giant LG to Invest $7 Billion in Green Business

South Korea's electronics giant LG announced it will invest $6.83 billion in green business sectors by 2015.

The conglomerate says the investments - in electric vehicle batteries, LED lighting, solar PV and water treatment technologies - will generate $8.4 billion in revenue, while creating 10,000 green jobs around the world. It will also boost business for about 660 small and midsized enterprises in its supply chain.

About a third of the investment will be in lithium batteries for electric vehicles (by 2013). It's also planning to get into the solar polysilicon business by 2014.

LG said on Sunday it will invest 8 trillion won ($6.83 billion) in "Green New Business" sectors such as electric vehicle parts, LED lighting and sewage treatment industries by 2015.

The business group also said it was aiming to generate 10 trillion won in revenues and create 10,000 new jobs through these investments.

LG will invest 2 trillion won in the electric vehicle battery area by 2013, 1 trillion won in the photovoltaic, LED and water treatment sectors and 490 billion won in the polysilicon business by 2014.

In addition, another 400 billion won was set aside to build facilities to produce solar cell wafers on a step-by-step basis by 2015, according to an LG statement.

Its LG Chem division says its goal is to be the world's top lithium battery manufacturer, taking a 25% share by 2015. It currently supplies Li batteries for GM's Chevy Volt and Opel Ampera. And it's working with GM on electric vehicle development.

LG Innotek, which makes LEDs, is looking for a 10% global market share. Its vertical manufacturing process makes all the components including chips, modules and packaging.

Its flagship company, LG Electronics, will expand solar manufacturing from its current level of 300 megawatts (MW) to 1,000 megawatts by 2014. There too, they expect to be the global leader by 2015. They entered the US solar market in 2010.

In water treatment, LG recently acquired specialist Daewoo ENTEC, allowing it to offer a "total water treatment solution." Through the LG-Hitachi joint venture, the two compaies will collaborate on developing new technologies and services for the huge water treatment market, valued at over $430 billion a year.

It also follows the announcement last month that the company is to acquire sewage treatment services specialist Daewoo ENTEC in a move designed to further bolster the company's presence in the water treatment market.

LG said the deal would allow the company to offer a "total water treatment solution", combining its existing engineering and construction capabilities with ENTEC's services expertise.

The acquisition will also help support the launch next month of the new LG-Hitachi Water Solutions joint venture, which will see LG and Hitachi co-operate on the development of new water treatment technologies and services.

"With the market expected to grow at an annual rate of five per cent due to increased pollution and the effects of climate change, we see the water treatment business as a crucial component of LG's future success," says Young-ha, Lee, CEO of LG Electronics Home Appliance Company.

Last year, LG announced it would invest $17.8 billion in green product development to lower greenhouse gas emissions 40% from 2009 levels by 2020.

Its competitor, Samsung, is also invest heavily in green with $5 billion in investments by 2013.

South Korea has set an emissions reduction target of 30% by 2020. At the beginning of the worldwide recession, the country was widely praised for allocating about 80% of its stimulus spending toward green-oriented projects.

朝鮮日報

LGグループは、2015年までに8兆ウォン（約5380億円）を電気自動車部品、発光ダイオード（LED）、太陽光、水処理などの分野に投資することを柱とする「グリーン新事業中長期戦略」を25日確定した。

　LGはグループ全体の売上高の15％をこれらのグリーン新事業から上げることを目標としている。

　計画によると、LG化学は電気自動車のバッテリーに2兆ウォン（約1350億円）を投資し、現在年10万台の生産能力を13年までに35万台に拡充する。 15年には世界シェア25％以上を目指す。また、電気自動車分野ではモーター、動力変換装置などの生産をLGイノテック、LG電子が担当する。これに先立ち、LGは先月25日、米ゼネラル・モーターズ（GM）と電気自動車の重要部品を共同開発することで合意した。

　太陽光分野では、LG電子が生産規模を今年の330メガワットから2‐3年以内に1ギガワットへと拡大し、15年に世界10位圏入りを目指すことを目標に掲げた。LGは現在、ポリシリコン（LG化学）、ウエハー（LGシルトロン）、セル・モジュール（LG電子）、発電所運営（LGソーラーエナジー）という太陽光事業の垂直系列化を進めている。

　LG電子はまた、今年7月に水処理事業で日本の日立プラントテクノロジーと提携し、合弁会社を設立したのに続き、先月には公共水処理専門企業の大宇エンテックを買収した。LGイノテックはLEDチップ、LEDモジュールなどの生産を行っている京畿道坡州工場を本拠地として、15年にはLEDの世界シェアを10％台に高める戦略だ。

　LGはグリーン新事業の推進過程で、今後5年間に競争力を備えた中小企業660社を発掘し、総額1000億ウォン（約67億円）を支援することも決めた。同社関係者は「新規に1万人分の雇用機会を創出し、競争力ある中小企業の発掘を続けたい」と説明した。