Home / Knowledge / News / Textiles / LG Chem to expand polyolefine products
LG Chem to expand polyolefine products
30
Aug '16
courtesy: LG Chem
courtesy: LG Chem
Korea based LG Chem will expand polyolefine products with its exclusive technology, leading to better quality of polyester and polypropylene. This expansion is part of the company's plan to boost its competitiveness and increase the sales of high value petrochemicals from the current 3 trillion won ($2.7 billion) to 7 trillion won by 2020.
 
LG Chem is also considering expanding ethylene production, according to Korean media reports. Currently, the company has capacity to produce 2.2 million tons of ethylene in Korea.
 
The company will also invest 400 billion won to increase production of ealstomer, a type of high value synthetic resin. LG Chem is one of the four companies in the world that produce elastomer.
 
It will also gradually double the production of acrylonitrile-butadiene-styrene (ABS). At present, the company is the world's largest producer of ABS, with capacity to produce 300,000 tons at its factory in China.
 
However, the company will continue with its original business of naphtha cracking centre, which produces basic sources of petrochemicals. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search