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LG Chem 

“Market Cap $16.41 B As of May 2014

At a Glance
  • Industry: Specialized Chemicals
  • Founded: 1947
  • Country: South Korea
  • CEO: Jin-Soo Park
  • Website: www.lgchem.co.kr
  • Employees: 11,603
  • Sales: $21.14 B
  • Headquarters: Seoul
Forbes Lists

#547 Global 2000

  • #447 in Sales
  • #567 in Profit
  • #1232 in Assets
  • #688 in Market value
Profile

Manufactures petrochemicals, IT & electronic materials and energy solution materials. Its operations are carried out through the following segments: Petrochemicals, IT & Electronic Materials, and Batteries. The Petrochemical division offers naphtha cracking centers and polyolefins, synthetic rubbers and specialty polymers, polyvinyl chloride, acrylonitrile-butadiene-styrene and engineering plastics, and acrylates, and plasticizers. The IT & Electronic Material division offers optical and display materials namely polarizers, phosphors, organic light emitting diode, photosensitive materials for liquid crystal display; printed circuit materials such as flexible materials, halogen free materials, integrated circuit packaging materials, epoxy resin system materials, high speed materials, and build-up materials; toners such as color toners, black laser printer toners, and black copier toners. The Battery division provides lithium-ion cylindrical batteries, lithium-ion polymer batteries, lithium-ion prismatic batteries, and medium, and large batteries. The company was founded on April 1, 2001 and is headquartered in Seoul, South Korea.

“LG Chem History

Present ~ 2005

  • 2013
    • DEC 2013. Established High EVA(140,000 tons) and SSBR(60,000 tons) plant in Deasan
    • AUG 2013. Completed expansion of polymer battery(10,000,000cells/month) plant in Nanjing, China.
  • 2012
    • JUN 2012. Completed expansion of acrylic acid(160,000 tons) and SAP(80,000 tons) plant.
  • 2011
    • JUL 2011. Established a petrochemical joint venture in Kazakhstan
    • APR 2011. Completed expansion of Daesan NCC (ethylene 150,000 tons, propylene 75,000 tons, etc.)
    • APR 2011. Completed construction of Ochang plant 1 for electric vehicle batteries
    • APR 2011. Merged with LG Polycarbonate
  • 2010
    • OCT 2010. Became 100% shareholder of LG Polycarbonate (through acquisition of remaining 50% shares)
    • JUL2010. Started construction of automotive battery plant in Michigan, USA
    • APR 2010. Completed expansion of Yeosu NCC (ethylene 100,000 tons, propylene 40,000 tons, etc.)
    • JAN 2010. Established HL Green Power Co., LTD., a joint venture with Hyundai Mobis
  • 2009
    • SEP 2009. Started construction of TFT-LCD glass plant in LG Paju Industrial Complex
    • JUN 2009. Started construction of car battery plant in Ochang Techno Park
    • MAY 2009. Established a SBS manufacturing subsidiary in Tianjin, China
    • APR 2009. Industrial Materials Business spun off (LG Housys)
  • 2008
    • SEP 2008. Developed and produced elastomer, a high value-added resin, first in South Korea
    • SEP 2008. Acquired Kolon’s SAP business (high absorbent resin)
    • AUG 2008. Concluded an MOU on development of electric car batteries with the Ministry of Knowledge and Economy and Hyundai Motor Company
    • MAR 2008. Signed an agreement on the development of high-efficiency OLED with UDC in the U.S.
  • 2007
    • NOV 2007. Merged with LG Petrochemicals Co., Ltd.
    • APR 2007. Completed expansion of Daesan NCC (ethylene 260,000 tons, propylene 130,000 tons, etc.)
  • 2006
    • DEC 2006. Completed expansion of Ochang polarizer plant (49 million m²)
    • JAN 2006. Merged with LG Daesan Petrochemicals Co., Ltd.
  • 2005
    • DEC 2005. Completed expansion of Ochang polarizer plant (26 million m²)
    • NOV 2005. Established a polarizer back-end subsidiary in Poland
    • JUL 2005. Completed expansion of Yeosu acrylate facilities (95,000 M/T)
    • JUL 2005. Established a marketing subsidiary in Europe
    • JUN 2005. Established a joint R&D lab with Moscow State University
    • JAN 2005. Established LG Daesan Petrochemicals Co., Ltd.

2004 ~ 2000

  • 2004
    • DEC 2004. Established LG Chem (China) Investment Co., Ltd.
    • NOV 2004. Completed construction of Guangzhou ABS plant, China
    • JUL 2004. Established a marketing subsidiary in Taiwan
    • JUN 2004. Established an SBL manufacturing subsidiary in Ningbo, China
    • MAR 2004. Completed construction of Ochang Techno Park
  • 2003
    • JUN 2003. Established an IT & electronic materials subsidiary in Nanjing, China
    • JUL 2003. Completed expansion of the PVC plant in Tianjin, China (100,000 M/T)
    • JUN 2003. Acquired Hyundai Petrochemicals through consortium with Honam Petrochemicals
  • 2002
    • DEC 2002. Completed expansion of the ABS plant in Ningbo, China (150,000 M/T)
    • AUG 2002. Completed construction of the EP plant in Guangzhou, China
    • AOR 2002. Completed expansion of the Cheongju plant, doubling the capacity of rechargeable batteries with KRW 100 billion investment
    • FEB 2002. Completed expansion of Cheongju polarizer plant
  • 2001
    • OCT 2001. Completed expansion of Tianjin PVC plant in China (90,000 M/T)
    • APR 2001. Split the company (LGCI, LG Chem, LG Household & Healthcare)
    • MAR 2001. Established a battery R&D center in the U.S.
  • 2000
    • NOV 2000. Acquired Hyundai Petrochemicals’ PVC business
    • OCT 2000. Completed expansion of Ningbo ABS plant in China (90,000 M/T)
    • JUL 2000. Developed phosphor for PDP

1990s

  • 1999
    • OCT 1999. Completed construction of IT & electronic materials (lithium-ion batteries, optical materials, and MBL negatives) plant
    • OCT 1999. Commercialized color filter photoresist for LCD panels
    • SEP 1999. Completed construction of Cheongju plant for rechargeable batteries, phophors and CCL
    • FEB 1999. Issued two million global depository receipts (first time for a listed company in South Korea)
  • 1998
    • JUL 1998. Completed construction of Ningbo ABS plant in China
  • 1997
    • DEC 1997. Euromoney named LG Chem one of Asia’s top companies
    • APR 1997. Completed expansion of Yeosu acrylate, EDC/CA, and VCM plants
  • 1996
    • NOV 1996. Acquired India’s Hindustan Polymers Ltd.
  • 1995
    • FEB 1995. Renamed to LG Chem, Ltd.
  • 1994
    • OCT 1994. Completed construction of Lucky Research Park
  • 1993
    • APR 1993. Developed and marketed industry’s first HCFC-resistant synthetic resin
  • 1992
    • OCT 1992. Completed construction of Yeosu PA plant

1980s and Earlier

  • 1987
    • MAY 1987. Completed construction of Naju acrylate plant
  • 1985
    • APR 1985. Completed construction of Yeosu PS plant
  • 1984
    • MAR 1984. Acquired Korea General Chemicals’ Naju plant
  • 1982
    • SEP 1982. Completed expansion of Yeosu PVC paste 
      resin plant
  • 1979
    • DEC 1979. Opened the Daedeok Central R&D Center
  • 1978
    • AUG 1978. Completed the Ulsan Plastic Processing Plant
  • 1976
    • NOV 1976. Completed the Yeosu PVC Paste Resin Plant
  • 1974
    • FEB 1974. Changed company name to Lucky Corporation
  • 1969
    • OCT 1969. Listed on Korea Stock Exchange
  • 1966
    • MAR 1966. Established Korea’s first synthetic detergent plant in Anyang
    • JAN 1966. Renamed to Lucky chemical Industries Co., Ltd.
  • 1962
    • AUG 1962. Established Lucky Vinyl Ltd.
  • 1954
    • JUN 1954. Constructed Busan Yeonji Plant (expanded synthetic resin processing facilities)
  • 1951
    • Moved to Bujeon-dong, Busanjin-gu, Busan, Korea (produced Korae’s first injection-molded synthetic resin products)
  • 1947
    • JAN 1947. Established as Lucky Chemical Industrial Corporation (manufacturing of cosmetics begun)”

*Information from Forbes.com and Lgchem.co.kr

**Video published on YouTube by “LGChemTube