LG Chem Ltd - Company Profile
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LG Chem Ltd (LG Chem) is a chemical manufacturer. The company manufactures and markets products related to petrochemicals, advanced materials, and life science. Its product portfolio includes acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, acrylate, alcohol, bisphenol, butadiene rubber, die attach film, display stripper double-sided tape, OLED materials, battery materials, among others. It also offers life science products related to arthritis, diabetes, growth hormone, circulatory system, fertility, anemia, hyperkalemia, and crop protection agents, among others. LG Chem’s products find applications in automobiles, home appliances, packaging, agriculture, textiles, and industrial products, among others. The company has operations in China, India, Germany, the US, Vietnam, Brazil, Taiwan, Hong Kong and Poland, among others. LG Chem is headquartered in Seoul, South Korea.
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Products and Services
Products | Brands |
---|---|
Petrochemicals: | COMPOSTFUL |
Acrylonitrile Butadiene Styrene | KEYFLEX |
Acrylonitrile Styrene Acrylate | LUCEL |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, LG Water Solutions secured a supply order of seawater RO membrane elements through a local EPC to expand a seawater desalination facility at the OCP Jorf Lasfar Complex. |
2024 | Contracts/Agreements | In April, the company and Factorial Inc entered into a memorandum of understanding to enhance the development of solid-state battery materials. |
2024 | Others | In April, the company completed commercial production of precursor materials for electric vehicle batteries at a newly built plant in South Korea. |
Competitor Comparison
Key Parameters | LG Chem Ltd | LyondellBasell Industries NV | Mitsubishi Chemical Group Corp | Sumitomo Chemical Co Ltd | Lotte Chemical Corp |
---|---|---|---|---|---|
Headquarters | South Korea | United Kingdom | Japan | Japan | South Korea |
City | Seoul | London | Chiyoda-Ku | Chuo-Ku | Seoul |
State/Province | Seoul | Greater London | Tokyo | Tokyo | - |
No. of Employees | 19,250 | 20,000 | 68,639 | 33,572 | 2,741 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Shin Hak-Cheol | Chairman; Chief Executive Officer | Executive Board | 2022 | - |
Cha Dong Seok | Chief Financial Officer; Director | Executive Board | 2024 | - |
Chun, Kyung-Hoon | Director | Non Executive Board | 2023 | - |
Lee Hyunjoo | Director | Non Executive Board | 2022 | - |
Kwon Bong Seok | Director | Non Executive Board | 2022 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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