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LG Chem
Type Public (traded on the Korea Stock Exchange)
Founded 1947
Headquarters South Korea Seoul, South Korea
Industry Chemicals, Industrial goods
Products Raw materials
Revenue $11.5 billion (2008)[1]
Net income $0.91 billion (2008)[1]
Website lgchem.com

LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical and also known as Lucky GoldStar Chemical, is the largest Korean chemical company[1] and is headquartered in Seoul, South Korea. It has eight domestic factories and direct marketing branches established around the world including the Americas (North and South), China, Russia, Germany, Poland, Switzerland, India, Indonesia, Japan, Singapore, Taiwan, Thailand, Turkey, Vietnam, and Brazil. As of November 2, 2007, the Company merged with LG Petrochemical Co.

Contents

Business Segments

LG Chem is a manufacturer, supplier, and exporter of petrochemical goods, plastics, flooring and automobile parts. The Company operates three main divisions: Chemicals and Polymers, Industrial Materials, and Information and Electronic Materials.

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Chevrolet Volt

Compact Power, Inc. (CPI), a subsidiary of LG Chem, based in Troy, Mich. announced in a press release dated June 5, 2007 that it has been chosen by General Motors Corp. to develop a lithium ion (concretely, a lithium-ion polymer) battery system for the GM E-Flex platform propulsion system. The E-Flex electric vehicle architecture underpins the Chevrolet Volt concept car that GM plans to produce in 2010.[2]

GM was also testing batteries from a partnership of Continental AG and A123Systems.[3] GM spokesman Robert Peterson had told Wired.com "There's a chance it could be both," adding that GM's goal is to offer a battery that'll last 10 years or 150,000 miles.[4]

In October 2008, GM announced it had chosen CPI to provide the battery systems for the first production version of the Volt.[5][6][7]

Chemical and Polymers

Raw materials and liquids including but not limited to polyvinyl chloride, plasticizers, specialty additives, alcohols, polyolefins, acrylic acids, rubbers, styrenics, performance polymers, engineering plastics, elastomers, conductive resins and other chemicals.

Industrial Materials

Residential flooring, commercial flooring, wall covering, surface and decorative materials, advertising banner sheets, geomembranes, and automotive components.

Information and Electronic Materials

Lithium ion batteries, display and optical films, printed circuit materials, and toner.

LG Solar Energy

LG Solar Energy is a subsidiary formed in 2007 to allow LG Chem to supply polysilicon to LG Electronics for production of solar cells.[8]

See also

References

External links


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