# LG Chem to invest $95M in reverse osmosis membrane plant in Cheongju, South Korea

LG Chem plans to invest 124.6 billion won ($94.5 million) to build a new facility in Cheongju, South Korea, with an annual capacity of 400,000 reverse osmosis membranes, aiming to double its water treatment business in five years.

- Type: New facility
- Announced: 2023-08-28
- Where: Cheongju, South Korea, South Korea
- Value: $94.5M
- Status: announced
- Capacity: 400,000 reverse osmosis membranes per year
- Products: reverse osmosis membranes
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

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

## Sources

- [iagua.es](https://www.iagua.es/noticias/redaccion-iagua/coreana-lg-chem-planea-inversion-95-m-duplicar-negocio-tratamiento-agua), 2023-08-29: "Planeamos aumentar significativamente la capacidad de producción en Cheongju, la base de producción de membranas de ósmosis inversa, a través de inversiones adicionales, para apuntar activamente al mercado industrial (tratamiento de agua) después del sector de desalinización de agua de mar."

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