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.
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