# Bioworks and LG Chem form capital and business alliance for PLA fiber applications

Bioworks Corporation and LG Chem have agreed to a capital and business alliance to collaborate on advancing fiber applications for polylactic acid (PlaX™) and enhancing sales distribution channels and supply chain.

- Type: Partnership
- Announced: 2023-08-28
- Status: announced
- Products: polylactic acid (PlaX™), fiber applications
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md) (partner)
- [Bioworks AG](https://endata.com/companies/39925.md) (partner)

## Sources

- [bioworks.co.jp](https://bioworks.co.jp/en/news/20230828-bioworks-has-agreed-to-a-capital-and-business-alliance-with-lg-chem-ltd/), 2023-08-28: "Bioworks and LG Chem collaborate closely on advancing fiber applications for polylactic acid, the fundamental component of PlaX™."

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