LG Chem is an integrated South Korean chemical company that manufactures a wide range of products from petrochemicals to high-value added plastics, and high performance industrial materials. Its businesses cover three major areas: chemicals and polymers; industrial materials; and information and electronic materials.
LG Chem will be focusing on boosting the competitiveness of its major businesses, securing future growth, pursuing R&D, upgrading customer satisfaction, and transforming the way it does its business.
In its petrochemicals business LG Chem will focus on cost competitiveness as it continues to bolster vertical integration. The industrial materials business will leverage its R&D and marketing capabilities to drive value-added product sales in the US, China and other strategic global markets.
LG Chem’s information and electronic materials business will ramp up production capabilities to meet rapidly rising demand, continuously cut production costs, expand its product mix with high-performance products and diversify into new markets.
LG Chem with headquarters in Seoul, South Korea has around 10,000 employees worldwide and sales of W13,695bn in 2009.
Download the The ICIS Top 100 Chemical Companies listing here
Representative director: Kim Bahn Suk
Director: Yu Sig Kang
Director: Cho Suk Jeh
Director: Oh Ho Soo
Director: Park Il Jin
Director: Ahn Sang Hyung
Director: Kim Kon Sik
Director: Lee Young Moo
LG Chem Ltd LG Twin Tower, East Tower 20 Yoido-dong Youngdungpo-gu Seoul 150-721Korea Tel: +82 2 3773 1114
LG Chem is an integrated chemical company that manufactures a wide range of products from petrochemical goods to high-value added plastics, and high performance industrial materials. In July 2007, LG Chem merged with affiliate LG Petrochemical to reform its financial structure and achieve operational efficiencies.
More about LG Chem Structure
LG Chem’s strategy focuses on boosting the competitiveness of its major businesses, securing future growth, pursuing R&D, upgrading customer satisfaction, and transforming the way it does its business. (Edited from: “chief executive officer's message"). ICIS also provides you with key financial data listed in table form.
More about LG Chem Strategy & Financial Highlights
Get news on LG Chem plus the latest chemical news, information, data, market movements and analysis
in one place with ICIS news
Find details on other chemical companies and suppliers with
ICIS offers a range of FREE e-newsletters to ensure that you don't miss out on the latest development and key market intelligence in your industry. If you want the latest news sent to your inbox, sign up for ICIS e-newsletters today.
Find out more about current and planned chemical plants and projects by subscribing to our comprehensive database
INSIGHT: China may see major ethylene shortfall by 2019
"At $50-90/bbl for Brent, UBS estimates the internal rate of return (IRR) for China CTO/MTO projects range from 5-10% – mostly too low to justify inve
VIDEO: ICIS Special Report: Innovation is key to success