# LG Chem invests $400M in ABS plastics production expansion at Yeosu

LG Chem is investing approximately $400 million to modernize and expand its ABS plastics production facility at Yeosu, South Korea. The project includes building a new 222,000-ton-per-year ABS line and shutting down an old 140,000-ton line, increasing total annual capacity from 1 million to 1.08 million tons by 2024.

- Type: Expansion
- Announced: 2022-10-13
- Where: Yeosu, South Korea, South Korea
- Value: $400.0M
- Starts operating: 2024
- Status: announced
- Capacity: 222,000 tons per year (new line); total capacity to increase from 1 million to 1.08 million tons per year
- Products: ABS plastic
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [korea-certification.com](https://www.korea-certification.com/en/lg-chem-invests-about-400-million-us-dollars-in-abs-plastics-production/), 2022-10-13: "LG plans to carry out the expansion of the ABS plant in Yeosu by 2024 using energy-efficient technology."

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