LG Chem Ltd - Company Profile
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LG Chem Ltd (LG Chem), a subsidiary of LG Corp, is a chemical manufacturer. The company manufactures and markets petrochemicals, IT and electronic materials, and energy solutions. Its product portfolio comprises polyvinyl chloride (PVC), ethylene, propylene, butadiene, benzene, polarizer, glass substrate, semiconductor materials and RO membranes, among others. It also offers growth hormone, vaccine, anti-diabetic products, and manufactures and supplies display and battery materials for LCD photoresist, OLED materials, battery materials and others. It owns and operates manufacturing facilities in Daesan, Yeosu, Ochang, Cheongju, Ulsan, Naju, Iksan, Paju, and Gimcheon. 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.
Headquarters
South Korea
Address
Lg Twin Tower, 128, Yeoui-Daero, Yeongdeungpo-Gu, Seoul, 07336
Website
www.lgchem.com
Telephone
82 2 37731114
No of Employees
14,280
Industry
Chemicals
Ticker Symbol & Exchange
051910 (KRX)
Revenue (2022)
$40.2B
21.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-49.7%
(2022 vs 2021)
Market Cap*
$29.2B
Net Profit Margin (2022)
XYZ
-58.7%
(2022 vs 2021)
* As of and is in US$
LG Chem Ltd premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Petrochemicals: | Aripiprazole |
| ABS | Eucept |
| EPS | Valtropin |
| 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 |
|---|---|---|
| 2023 | New Products/Services | In October, the company and its LX Hausys Ltd affiliate announced the development of a material that significantly delays thermal runaway in electric vehicle batteries. |
| 2023 | Corporate Changes/Expansions | In October, the company opened a new research and development center in Savannah, Georgia, the US. |
| 2023 | Plans/Strategy | In September, the company announced its plans to sell its polariser businesses to Chinese firms for US$815.6 million. |
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 | - | England | Tokyo | Tokyo | - |
| No. of Employees | 14,280 | 19,300 | 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 | Director | Non Executive Board | 2021 | - |
| Kim Mun-Su | Director | Non Executive Board | 2021 | - |
| Chun, Kyung-Hoon | Director | Non Executive Board | 2023 | - |
| Kwon Bong Seok | Director | Non Executive Board | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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