LG Chem Ltd (051910.KS)
16 Mar 2018
DAESAN, South Korea LG Chem, South Korea's largest chemical company, sees the global petrochemical market being stable this year, and is diversifying its products to guard against falling plastic usage, the company's chief executive said. Asian petrochemical makers typically use crude-oil derived naphtha as a feedstock to produce ethylene and other basic petrochemicals, which are mostly used to make plastics.
DAESAN, South Korea, March 11 LG Chem , South Korea's largest chemical company, sees the global petrochemical market being stable this year, and is diversifying its products to guard against falling plastic usage, the company's chief executive said.
TOKYO Toyota Motor Corp is considering making batteries for electric vehicles (EV) with Panasonic Corp , as it ramps up battery development to help meet its goal for green cars to comprise half of global sales by 2030. | Video
* Panasonic already makes batteries for Toyota hybrids (Adds comments from Toyota and Panasonic presidents, details on battery development plans)
WARSAW South Korea's LG Chem will open Europe's largest lithium-ion battery factory in Poland next year as the region's auto industry gears up to mass produce electric cars.
* EU struggles to build its own battery production business (Adds comments, background)