Lotte-Hyundai finalize joint venture, slashing Daesan capacity

Lotte Chemical and Hyundai Chemical finalized a joint venture ahead of a September 2026 launch, involving capacity rationalization at the Daesan plant to reduce naphtha consumption and operational losses.

“At the core of the merger is a drastic capacity rationalization designed to eliminate internal competition, reduce expensive naphtha consumption, and stem operational losses.”commoplast.com

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• commoplast.comCommoPlast | Article - Lotte-Hyundai finalize joint venture ahead of September launch, slashing active Daesan capacityJul 31, 2026

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