IHS Chemical Week

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Korea (429)


LG Chem breaks ground on electric vehicle battery plant in China
LG Chem (Seoul) says it has today broken ground on a previously announced electric vehicle battery plant at Nanjing, China, to meet growing demand in the world’s biggest car market. The Nanjing battery plant will start production by the end of 2015, and...

Hyosung sells packaging business to Standard Chartered
Hyosung Corp. (Seoul) has signed a deal to sell its packaging business to Standard Chartered Private Equity for 415 billion Korean won ($396.7 million), Hyosung said today in a filing to the Korea Exchange. The move forms part of Hyosung’s plan to...

SK Global Chemical reports fall in operating profits
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 40.4% fall in operating profits for the third quarter of 2014 compared with the third quarter of 2013, to 130.8 billion South Korean won ($125 million)...

S-Oil swings to loss on weak refining margins, petchems doing well
S-Oil, South Korea's major oil refiner and producer of para-xylene (p-xylene) and majority owned by Saudi Aramco, today reported third-quarter net and operating losses due to weak refining margins and South Korea's stronger currency. The company lost a net...

SK Global Chemical, JX Nippon inaugurate p-xylene plant in Korea
SK Global Chemical and JX Nippon Oil & Energy have inaugurated their joint-venture para-xylene (p-xylene) plant at Ulsan, South Korea. The companies together have invested 936.3 billion won ($886 million) to build the plant, which has capacity for 1.6...

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