Lotte Chemical to invest 602 bln won in advanced materials business

Lotte Chemical announced a 602 billion won investment to boost its advanced materials business, including building a new factory for EV battery materials in Seosan, South Korea, and expanding EOA production capacity.

“Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate Lotte Group, said Monday it is spending 602 billion won (US$502 million) to boost its advanced materials business, including building a new factory for electric vehicle battery materials.”en.yna.co.kr

• 1 source
• en.yna.co.krLotte Chemical to invest 602 bln won in advanced materials biz | Yonhap News AgencyKim Seung-yeonFeb 7, 2022

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