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LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company [1] and is headquartered in Seoul, South Korea. It was the 9th largest chemical company in the world by sales in 2021. [2] It was first established as the Lucky Chemical Industrial Corporation, which manufactured cosmetics.
LG Chem's battery business officially became a separate company and changed its name to LG Energy Solution Ltd. in December 2020. [4] It subsequently undertook an IPO process to secure funds in order to increase its battery production capacity and debuted on the Korea Exchange in January 2022.
The LG Chem agreement, which would require Arkansas officials to set a state lithium royalty rate to be finalized, is for up to 100,000 metric tons of the ultralight metal over several years.
LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi. [4] In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both ...
LG Chem, known for manufacturing more expensive nickel-cobalt-manganese (NCM) cathodes, is entering the LFP cathode business to meet growing demand for cheaper LFP batteries as the auto industry ...
LG Chem broke ground Wednesday on two new buildings in Ravenna, which will produce materials used in the automotive industry and employ more than 100.
When LG Household & Health Care was established, there were only two business divisions of cosmetics and household goods.With the acquisition of Coca-Cola Beverage (former Coca-Cola Korea Bottling Co., Ltd) in 2007, the company completed its current business structure of cosmetics, household goods, and beverages.
LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the group's chemical and battery division LG Chem. It comprises four business units: home entertainment, mobility, home appliances & air solutions, and business solutions.