Most Popular
-
1
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
2
Jung's paternity reveal exposes where Korea stands on extramarital babies
-
3
Seoul city opens emergency care centers
-
4
Opposition chief acquitted of instigating perjury
-
5
Samsung entangled in legal risks amid calls for drastic reform
-
6
[Exclusive] Hyundai Mobis eyes closer ties with BYD
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050044_0.jpg&u=)
-
7
[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg&u=)
-
8
Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
-
9
[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
-
10
Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050044_0.jpg&u=)
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg&u=)
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
LG Chem Ltd., one of South Korea’s leading chemical companies, said Wednesday that it plans to invest 320 billion won ($304 million) to expand its plants for crude acrylic acid and superabsorbent polymers by September 2015.
The expansion will increase LG Chem’s annual production capacity of CAA by 80,000 tons to 510,000 tons and that of SAP by 160,000 tons to 360,000 tons, LG Chem said in a statement.
SAP is used as raw materials for diapers and CAA is used in paint, adhesives and addition agents.
The global CAA market is expected to grow by an annual average of 6 percent to reach 5.9 million tons in 2017 from 4.4 million tons in 2002, the company said.
LG Chem predicted that its plant expansion will increase its sales by more than 400 billion won a year.
The company plans to increase the volume of its CAA and SAP businesses to over 1.7 trillion won from the current 1.3 trillion won, it said. (Yonhap News)
The expansion will increase LG Chem’s annual production capacity of CAA by 80,000 tons to 510,000 tons and that of SAP by 160,000 tons to 360,000 tons, LG Chem said in a statement.
SAP is used as raw materials for diapers and CAA is used in paint, adhesives and addition agents.
The global CAA market is expected to grow by an annual average of 6 percent to reach 5.9 million tons in 2017 from 4.4 million tons in 2002, the company said.
LG Chem predicted that its plant expansion will increase its sales by more than 400 billion won a year.
The company plans to increase the volume of its CAA and SAP businesses to over 1.7 trillion won from the current 1.3 trillion won, it said. (Yonhap News)
-
Articles by Korea Herald
![[Today’s K-pop] BTS’ Jin single hits Billboard’s Hot 100 at No. 53](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/26/20241126050076_0.jpg&u=)