LG Chem
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| Type | Public (traded on the Korea Stock Exchange) |
|---|---|
| Founded | 1947 |
| Headquarters |  Seoul, South Korea |
| Industry | Chemicals, Industrial goods |
| Products | Raw materials |
| Revenue | ▲ $9.3 billion (2006) |
| Net income | ▲ $1.34 billion (2006) |
| Website | lgchem.com |
LG Chem Ltd. (hangul:엘지화학, 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.
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[edit] Business Segments
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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.
[edit] 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.
[edit] Industrial Materials
Residential flooring, commercial flooring, wall covering, surface and decorative materials, advertising banner sheets, geomembranes, and automotive components.
[edit] Information and Electronic Materials
Lithium ion batteries, display and optical films, printed circuit materials, and toner.
[edit] 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 [2].
[edit] 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.[3]
GM was also testing batteries from a partnership of Continental AG and A123Systems and has not selected a supplier as of 2008-08.[4] GM spokesman Robert Peterson 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.[5]
GM has finally decided to work with CPI to provide the battery systems for the first production version of the Volt [6].
[edit] March 2008 fire
A fire that broke out on March 8, 2008 at LG Chem's Ochang plant severely disrupted battery supplies of several major laptop vendors, notably Asustek and Dell.[7]
[edit] See also
[edit] External links
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[edit] References
- ^ How LG Chem Is Changing Its Formula
- ^ http://www.greentechmedia.com/articles/lg-plots-solar-partnership-with-conergy-1395.html
- ^ Compact Power Inc press release (2008-06-05). "Compact Power, Inc. Wins Lithium-Ion Battery Development Program For General Motors Hybrid Electric Vehicles". http://www.compactpower.com/Documents/cpi_gm_development_program.pdf. Retrieved on 2008-06-08.
- ^ Voelcker, John (2008-08). "Battery Czar". IEEE Spectrum. pp. 32-37.
- ^ Chuck Squatriglia (2008-06-05). "Bob Lutz Drives the Volt, Calls It 'Electrifying'". http://blog.wired.com/cars/2008/06/bob-lutz-drives.html. Retrieved on 2008-06-08.
- ^ http://www.reuters.com/article/rbssChemicalsCommodity/idUSN2239779020081022?sp=trueh , http://gm-volt.com/2008/10/22/breaking-lg-chem-and-compact-power-inc-to-supply , http://www.leftlanenews.com/gm-inks-chevrolet-volt-battery-contract.html , http://www.latimes.com/news/science/environment/la-fi-chrysler24-2008sep24,0,5809910.story
- ^ Philipp Gollner (2008-03-26). "Dell and HP see laptop battery shortage". http://www.reuters.com/article/technologyNews/idUSN2540920320080326. Retrieved on 2008-04-21.
