Search results for Lotte Fine Chemical
Industry
Lotte Chemicals group diversifies semiconductor materials supply chain, breaks ground on Handuk Chemical Pyeongtaek plant
Handuk Chemical, an affiliate of Lotte Chemicals group, held a groundbreaking ceremony on June 19 for a semiconductor and display developer plant in the Poseung (BIX) district of Pyeongtaek, Gyeonggi Province. The company plans to invest 130 billion won to build production facilities on a 32,216-square-metre site. It will make tetramethylammonium hydroxide (TMAH), used in developing fine circuit patterns. Handuk Chemical plans to expand lines in stages to match customer expansion schedules.
Industry
Lotte Chemical posts 73.5 billion won Q1 operating profit, swings to profit
Lotte Chemical said on May 11 it posted first-quarter sales of 4.99 trillion won and an operating profit of 73.5 billion won, swinging to a profit from a year earlier. Net profit came to 33.5 billion won. The company said it improved profitability through more agile feedstock sourcing and flexible operating rate adjustments despite rising raw material prices and increased geopolitical risks in the Middle East.
Industry
Lotte Chemical steps up shift to profit-focused portfolio
Lotte Chemical unveiled a strategy to restructure its basic chemicals business and shift its portfolio toward four growth pillars, it said on Thursday. The company held a CEO Investor Meeting in Seoul on April 16 for major domestic institutional investors. It outlined progress at its Daesan and Yeosu petrochemical operations, with Daesan pursuing a merger with HD Hyundai Chemical and Yeosu awaiting government approval for its final restructuring plan.