# LG Chem to invest 500 billion won in Yeosu ABS plant rebuild

LG Chem plans to invest approximately 497.5 billion won to rebuild its ABS plant in Yeosu, South Korea, constructing a new 220,000-ton line and phasing out an old 140,000-ton line. The project is expected to be completed by 2024, increasing domestic ABS capacity from 1 million to 1.08 million tons annually.

- Type: Investment
- Announced: 2022-08-11
- Where: Yeosu, South Korea, South Korea
- Value: $380.0M (497.5B KRW)
- Starts operating: 2024
- Status: announced
- Capacity: 220,000 tons per year
- Products: ABS resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/10419861), 2022-08-11: "노후화 설비를 계속해서 운영하면 수율이 떨어지고 안전 문제가 발생할 수 있어 여수공장 ABS 생산라인 일부를 교체하기로 했다"

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