Lotte Chemical Corp - Company Profile
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Lotte Chemical Corp (Lotte Chemical) is a chemical company that carries out the manufacture and sale of basic chemicals and petrochemicals. Its portfolio of products includes polymers such as low-density polyethylene and ethylene vinyl acetate; monomers such as ethylene glycol and ethylene oxide; chemical fibers and megatrends. The company’s products are used in the manufacture of household goods and materials for agricultural, engineering, medical, and auto industries. Lotte Chemical has manufacturing facilities in Daesan, Yeosu, and Ulsan, and research and development centers in Daedeok and Yeosu in South Korea. The company has its overseas offices in China, Hong Kong, Russia, the US, Peru, Turkey and Vietnam. Lotte Chemical is headquartered in Seoul, South Korea.
Headquarters
South Korea
Address
300, Olympic-Ro, Songpa-Gu, Seoul, 05551
Website
www.lottechem.com
Telephone
82 2 8294114
No of Employees
2,741
Industry
Chemicals
Ticker Symbol & Exchange
011170 (KRX)
Revenue (2022)
$17.3B
22.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-95.4%
(2022 vs 2021)
Market Cap*
$3.1B
Net Profit Margin (2022)
XYZ
-96.2%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Polymers: | LOTTE Chemical |
| High Density Polyethylene (HDPE) | |
| Linear Low Density Polyethylene (LLDPE) | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In March, the company announced its plans to sell its Malaysian subsidiary Lotte Chemical Titan (LC Titan). |
| 2023 | Contracts/Agreements | In November, the company along with Samsung Engineering, Korea National Oil Corporation, and SEDC Energy launched FEED contract for the Sarawak H2biscus Green Hydrogen & Ammonia project in Malaysia. |
| 2023 | Divestiture | In October, the company sold its entire stakes in Lotte Chemical Jiaxing Corp to its local partner. |
Competitor Comparison
| Key Parameters | Lotte Chemical Corp | LG Chem Ltd | S-Oil Corporation Inc | PTT Global Chemical Public Co Ltd | Kumho Petrochemical Co Ltd |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | Thailand | South Korea |
| City | Seoul | Seoul | Seoul | Bangkok | Seoul |
| State/Province | - | - | - | Bangkok (Krung Thep Maha Nakhon) | - |
| No. of Employees | 2,741 | 14,280 | 2,865 | 11,518 | 1,281 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Shin Dong-bin | Chairman; Chief Executive Officer | Executive Board | 2019 | - |
| Kim Kyo-Hyun | Vice Chairman; Chief Executive Officer; Director | Executive Board | - | - |
| Lee Young-Jun | Chief Executive Officer; Director; Vice President | Executive Board | 2020 | - |
| Hwang Jin-koo | Director; Vice President; Chief Executive Officer - Lotte Chemical Co Ltd - Basic Materials Business | Executive Board | 2021 | - |
| Kang jong-won | Director | Non Executive Board | 2023 | - |
| 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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