Home / Knowledge / News / Textiles / LG Chem to ramp up Acrylic Acid output massively
LG Chem to ramp up Acrylic Acid output massively
30
Jan '14
LG Chem, Korea’s largest chemical firm, is ready to ramp up its Acrylic Acid (AA) capacity in Yeosu. The official investment announced totals up to 320 billion won to increase production until 2015.

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.

LG Chem


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search