Lotte Chemical plans to invest $4 billion in S. East Asia
In addition to these investments, the company is working on expanding its ethylene and propylene plants in Yeosu, South Korea by 200,000 tons/year and 100,000 tons/year, respectively.
The Group had previously made other investments in Asia, which include the acquisition of Samsung SDI’s chemical business unit, Samsung Fine Chemicals and Samsung BP Chemicals as well as the construction of the Surgil Gas Chemical Complex in Uzbekistan for a total investment of about $6.5 billion.
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