IHS Chemical Week

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Korea (408)


SK Global Chemical reports huge fall in operating profits
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 77.2% fall in operating profits for the second quarter of 2014 compared with the year-ago quarter, to 51 billion South Korean won ($49.7 million)...

S-Oil swings to profit, to diversify portfolio with olefins complex
S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex. S-Oil’s second-quarter net income reached 67.9 billion South Korean...

LG Chem reports lower second-quarter profits, flat revenues
LG Chem (Seoul) today reported a 43% drop in second-quarter net profit, to 226.8 billion South Korean won ($220.3 million), citing poor performance in its chemical sales and a strong local currency. Sales were 0.8% higher, at won5.87 trillion, while operating...

AFC Energy and Chang Shin Chemical sign MOU for fuel cell power system
AFC Energy (Dunsfold, UK), an industrial fuel cell power company, says it has signed a memorandum of understanding (MOU) with Chang Shin Chemical, a leading South Korean hydrogen supplier, for multiple fuel cell systems with a total potential generating...

Toray Industries starts constructing PPS plant in South Korea
Toray Industries says it has begun constructing a previously announced, 300-billion South Korean won ($296 million) polyphenylene sulfide (PPS) plant at the Saemangeum industrial complex at Gunsan, South Korea. The facility will be designed to produce 8,600...

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