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LG Chem signs a
deal with Nanjing, China to establish a polarizer plant
http://www.lg.co.kr/english/news/press/view.jsp?news_num=4734
LG Chem, Ltd., the largest chemical company in Korea, announced today that LG Chem is setting up a local subsidiary to produce TFT-LCD(thin-film-transistor liquid-crystal-displays) polarizers in Nanjing, China. The signing ceremony between LG Chem and Nanjing City took place today. (TFT液晶ディスプレイ用偏光フィルム in 南京)
LG Chem (Nanjing) Information & Electronic Materials Co., Ltd.
Location Nanjing City, China (Economic Development Zone) Ownership LG Chem 100% Investment USD 15 million CAPA 4 million u (14 million sets) Capital USD 5 million (KRWon 6 billion)
2003/8/7 LG Chem
LG Chem aims KRWon 15 trillion in sales for 2008
http://www.lgchem.com/cgi-bin/chea1031.cgi?p_seqn_numb=200308070001&p_news_kind=01
LG Chem, Ltd., the largest chemical company in Korea, announced today its new mid-to-long term business strategies and its goals of KRWon 15 trillion in sales and a 13% operating profit rate for 2008.
2003-8-7 Asia Chemical
Weekly
LG Chem to expand Yeochun styrene to 500 kt/yr
LG Chem plans to expand its 375 000 tonne/year styrene plant in Yeochun, South Korea, to 500 000 tonne/year later this year, the company said.
LG、ABS・デジタルテレビを集中育成へ
http://japanese.chosun.com/site/data/html_dir/2003/08/28/20030828000070.html
LGは28日、プラスチックの一種である高付加合成樹脂ABS(LG化学)とデジタルテレビ(LG電子)、テレフォンショッピング(LGホームショッピング)を「1等戦略産業」に選定、2005年まで2兆ウォンを投じ、集中育成することにした。
LG Chem develops core materials
for Organic EL
http://www.lgchem.com/cgi-bin/chea1031.cgi?p_seqn_numb=200309170001&p_news_kind=01
LG Chem, Ltd., the largest chemical company in Korea, announced today that it has developed core materials for organic EL (Electro Luminescence) and has set up plans for mass production.
Organic EL Structure
2004年11月01日
Chemnet Tokyo Tianjin LG Bohai Chemical Co.,
Ltd.
韓国LGが天津にVCM35万トン、大型電解から一貫生産発表
韓国LG化学は10月29日、中国天津での電解〜VCM計画を発表した。それによると、既存のPVCのJV(天津LG大沽化工)のプラントから10キロ離れた天津臨港産業区に、電解(ソーダ:24万トン、塩素:21万6000トン)、EDC(30万トン)、VCM(35万トン)の各プラントを建設する。
工期は今年12月から2006年12月までの25ヵ月。建設費は3億米ドル。VCMはLG大沽の既存PVCプラント(34万トン)に供給する。LG大沽ではPVCの増設を検討中。
同計画はLGグループ 75%、LG大沽化工 10%、及び後者の株主である大沽化工の親会社・渤海化学が15%出資したJVで行われる。(注、天津LG大沽化工はLG化学グループ85%、大沽化工15%)
LGでは中国のPVC需要は現在の年間640万トンから、2008年には850万トンに増えると見ており、天津で電解から一貫生産することでコスト競争力を確保し、中国
No.1 のPVCメーカーを目指す。
LGは2002年、中国でのPVC増設計画用に、豪州グラッドストーンで、現地の
Cheetham Salt と合弁で電解(ソーダ:24万トン)とEDC(30万トン)を生産する計画を発表したが、2003年夏採算性の理由から同計画を中止した。
現在、天津向けには韓国から供給するとともに、一部トクヤマから供給を受けている。
2004/11/24 中国・ASEANニュース速報
韓国LG化学、天津でVCM・EDC生産
天津市で22日、韓国LGグループによる塩化ビニル生産工場の投資契約調印式が行われた。
23日付天津日報によると、同プロジェクトはLG化学と天津渤海化工集団の合弁によるもので、登録資本金1億米ドル、投資総額は3億米ドルに上る。臨海工業区に年産35万トンの工場を設立し、塩化ビニルモノマー(VCM)と二塩化エチレン(EDC)を生産。2006年末の稼働を予定している。
2004/10/29 LG
Chem
VCM/EDC Project in Tianjin
http://www.lgchem.com/upload/ir/eng_hot_issue/2004_Tianjin_VCM_EDC_Project_e.pdf
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2005/5/25
Asia Chemical Weekly
LG Chem breaks ground for EDC-VCM
project in Tianjin
On May 23, LG Chem took a ground
breaking ceremony for its VCM and
EDC project in Tanggu (塘沽),
Tianjin. 
The project will be a joint
venture between LG Chem (45%), LG Petrochemical (20%), LG
International (10%), LG Dagu (10%) and Tianjin Bohai Chemical
Industry Co (15%).The investment of this project is $300m, it
will produce 350,000 tonne/year of VCM, 300,000 tonne/year of EDC
and 240,000 tonne/year of caustic soda. The project is expected
completed by the end of 2006.
The Output from the VCM/EDC plant
will be as the feedstock for LG Chem’s
existing 340,000 tonne/year PVC plant in Tianjin. The plant is
operated by Tianjin LG Dagu Chemical, a jv between LG Chem and
Bohai Chemical.
With the investment in China, LG
Chem intents to strengthen its position in the fast- growing
Chinese market.
2005/5/25 LG Chem
LG Chem to Establish VCM/EDC Plant in China
http://www.lgchem.com/press/releases/releases_view.jsp?idx=121
LG Chem, Ltd., the
largest chemical company in Korea, announced today that it would
hold a groundbreaking ceremony for its VCM/EDC plant in Tianjin,
China. At the end of last year, LG Chem signed an agreement with
Tianjin Bohai Chemical Co., Ltd. to establish a VCM (Vinly
Chloride Monomer) and EDC (Ethylene Di-Chloride) plant by the end
of 2006.
Nearly all of VCM goes into PVC (Poly Vinyl Chloride), which is
used for manufacturing many plastic products in the building and
construction sector. EDC is the base chemical of which 95% is
used for producing VCM.
With a total investment of USD 300 million, the new facilities
strategically located at Lingang Industrial District, Tianjin,
China will have capacity of 350,000mt/yr of VCM, 300,000mt/yr of
EDC and 240,000mt/yr of Caustic Soda.
The new facilities will be established as a joint venture named 'Tianjin LG Bohai
Chemical Co., Ltd.';
the investors are comprised of LG Chem (45%), LG Petrochemical
(20%), LG International (10%), LG Dagu (10%), and Tianjin Bohai
Chemical Industry Co., Ltd. (15%).
Tianjin LG Bohai Chemical Co., Ltd.
| Capacity | VCM
350,000 tonne/year EDC 300,000 tonne/year |
| Location | 臨港工業区 Lingang Industrial District, Tianjin, China (10Km away from LG Dagu) Tianjin Lingang Industrial Area is situated at Tanggu District of Tianjin. |
| Area of Land | 500,000 m2 |
| Total Investment | USD 300 Mil |
| Shareholders | LG
Chem (45%) LG Petrochemical (20%) LG International (10%) LG Dagu (10%) Bohai Chem (15%) Tianjin Dagu is part of Tianjin Bohai Chemical Industry |
Product Chain after
Completion

PVC Supply and Demand (Unit: KMT)
| 2004 | 2006 (E) | 2008 (E) | |
Supply |
5,190 |
7,630 |
9,070 |
Demand |
6,850 |
8,300 |
10,030 |
Shortage |
(1,660) |
(670) |
(960) |
(Source: BCG, Mitsui, LG Chem)
LG Chem Builds Plant for PVC Raw Materials in China
LG Chem, the top South Korean chemicals maker, said on Friday that it has built a plant for PVC (polyvinyl chloride) raw materials in China at a cost of $300 million (281 billion won), to directly produce plastics in the neighboring country.
(ceremony to mark the completion of a plant for PVC materials on Sep. 6)
LG Bohai, the firm’s Chinese unit, has completed construction of the plant on a 500,000 square meter site in Tianjin Province for production of vinyl chloride monomer (VCM) and ethylene dichloride (EDC), the two main ingredients for PVC.
Company officials expected the Chinese plant will produce about 350,000 tons of VCM and 300,000 tons of EDC per year, bringing the company’s annual PVC output to a total of 920,000 tons, the world's sixth largest in capacity.
``We aim to expand the annual PVC production at the Chinese plant up to 400,000 tons (from 340,000tons) by 2008, a company spokesman said. Currently, LG Chem has an annual capacity of 580,000 tons at home.
LG Bohai will receive ethylene from LG Chem’s Daesan factory and produce VCM, all of which will be delivered to LG Dagu, the South Korean chemical company’s PVC unit in China, according to the spokesman.
LG Chem 2005/8/17
LG Chem Signs License Partnership With Mitsui Chemicals
http://www.lgchem.com/press/releases/releases_view.jsp?idx=129
LG Chem, Ltd., the
largest chemical company in Korea, announced today that the
company signed a license partnership agreement
with Mitsui Chemicals Inc., for the use of their VCM/EDC
technology.
The partnership grants LG Chem with the exclusive rights
to sublicense Mitsui's VCM/EDC technology. The partnership will not only be
beneficial for LG Chem but also advantageous to Mitsui as well.
The exclusive rights enable LG Chem to develop new clients and
further generate additional sales by promoting the technology
with a full vinyl chain. LG Chem had already obtained a full vinyl
chain technology by applying Mitsui's VCM/EDC technology with its
existing PVC technology.