Search results for Ochang Energy Plant
Industry
LG Energy Solution raises NMP recycling rate to 97 percent, expands to global sites
LG Energy Solution said it has raised the recycling rate of an essential solution used to make battery cathode materials to 97 percent and will expand the practice to its global sites. It published its “LG Energy Solution ESG Report 2025” on Tuesday. The report includes expanding new NMP solvent recycling technology, appointing an outside director as board chair for the first time, and establishing new ESG disclosure rules.
Industry
LG Energy Solution strengthens supply chain with shared growth pact
LG Energy Solution is expanding support programmes for partner companies to strengthen a shared-growth framework in its supply chain. The company said on May 7 it held a “shared growth partnership agreement ceremony” at its Ochang energy plant in North Chungcheong province a day earlier. About 20 people attended, including Democratic Party lawmaker Song Jae-bong and company executives. The pact aims to comply with fair-trade laws and boost mutual competitiveness through cooperation.
Industry
LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red
LG Energy Solution posted a first-quarter operating loss of 207.8 billion won due to initial costs from expanding its North American energy storage system production base, and lower volumes of EV pouch products for a strategic customer. Revenue fell 2.5 percent from a year earlier to 6.56 trillion won but rose 1.2 percent from the previous quarter. The company said North American production incentives reflected in results totaled 189.8 billion won.
