Honam to Merge with Lotte Daesan

Honam Petrochemical (Seoul) says it will merge with its wholly owned subsidiary Lotte Daesan Petrochemical on January 1, 2009. The move is designed to cut costs on logistics and raw material purchases, Honam says. Honam produces aromatics, olefins, and derivatives at Yeosu, Korea, and Lotte Daesan makes a similar range of products at Daesan...

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