LG Chem eyes water, materials for expansion
TechnologyAug 12, 2014
LG Chem said Tuesday it would expand its existing materials business and seek to develop a new business in desalination to overcome a slowdown facing the petrochemical industry due to a shale gas production boom.LG Group’s flagship will boost its production capacity of engineering plastics, superabsorbent polymers and synthetic rubbers as part of efforts to more than double the sales of those materials to 4.5 trillion won ($4.4 billion) by 2018.It seeks to become one of the world’s top three pro