The AA capacity will jump up to 510,000 Metric Ton (MT) in total when the expansion is completed. The chemical firm also expects revenue increase of 400 billion won through the revamping, reaching up to 1.7 trillion won by 2016.
LG Chem is the only manufacturer in South Korea that has the proprietary technology and vertically integrated facility to produce AA. Various applications of AA include acrylic fiber, adhesive, paint and ink and coating resins.
AA is also the raw material for the premium resin known as Super Absorbent Polymer (SAP). 90% of SAP is used for making diapers and other hygienic commodities. Followed up by AA expansion, SAP production capacity will also be ramped up to 360,000MT showing an increase of 80,000MT by late 2015.
The chemical affiliate aims to develop AA & SAP business as the core business of LG Group that leads the market.
About LG Chem
LG Chem, Ltd. is a globally diversified chemical company which operates three main business units: Petrochemicals, IT & Electronic Materials, and Energy Solution. The chemical business manufactures a wide range of products, from petrochemical goods to high-value added plastics. It also extends its chemical expertise into high-tech areas such as electronic materials and rechargeable batteries.
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
Narayan Tex Fab
I find it hard to find professionals in Surat
‘New vendor is welcome if he offers cost, quality and timely delivery’
GST will certainly reduce a lot of paperwork in future
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Aditi Somani specialises in luxury fusion wear with international cuts and ...
Textiles | On 24th Jun 2017