# Aekyung Chemical acquires 50% stake in VPCHEM from LG Chem

Aekyung Chemical announced the acquisition of a 50% stake in VPCHEM, LG Chem's Vietnam subsidiary that produces plasticizers, increasing its annual plasticizer production capacity from 550,000 tons to 660,000 tons.

- Type: Acquisition
- Announced: 2023-12-22
- Where: Vietnam, Vietnam
- Status: announced
- Capacity: 660,000 tons per year
- Products: plasticizers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md) (partner)
- [Aekyung Chemical](https://endata.com/companies/74621.md) (acquirer)
- [VPCHEM](https://endata.com/companies/74622.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/chemical-industry/newsView/ked202312220007), 2023-12-22: "The acquisition of VPCHEM equities is meaningful in further solidifying the foundation for the enhancement strategy of the company's core plasticizer business."

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