# LOTTE Chemical to merge with LOTTE Advanced Materials

LOTTE Chemical will merge with its subsidiary LOTTE Advanced Materials, aiming to complete the merger by January 2, 2020, to strengthen its specialty products portfolio.

- Type: Acquisition
- Announced: 2019-08-22
- Where: South Korea
- Status: announced
- Capacity: 460,000 tons of polycarbonate per year (combined)
- Products: specialty materials, compounding products for automobiles
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md) (acquirer)
- [Lotte Advanced Materials](https://endata.com/companies/23440.md) (target)

## Sources

- [lottechem.com](https://www.lottechem.com/en/media/news/319/view.do), 2019-08-22: "LOTTE Chemical will merge with LOTTE Advanced Materials, which is a subsidiary for specialty materials possessing 100% of its shares."
- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=35242), 2019-08-23: "The merger will allow Lotte Chemical to strengthen its market competitiveness by more actively responding to customer needs."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.