- Business
- LG Chem, Ltd. (051910.KS) manufactures and sells petrochemicals, advanced materials, battery components, and life sciences products worldwide. Founded in 1947 and headquartered at LG Twin Towers in Seoul, South Korea, the company operates through three primary segments: petrochemicals, including naphtha crackers/propylene oxide (NCC/PO), polyvinyl chloride/plasticizers (PVC/Plasticizer), acrylonitrile butadiene styrene (ABS), acrylates/super absorbent polymers (Acrylates/SAP), and high-performance materials (HPM); advanced materials, encompassing cathode materials, electronic materials such as OLED and photopolymers, engineering plastics, separator materials, and water treatment solutions; and life sciences, featuring primary care pharmaceuticals, specialty care drugs, and aesthetic medicines. LG Chem maintains an extensive global footprint with 61 sites across Korea, Asia (including China, India, Vietnam, and Japan), the Americas (United States, Mexico, Brazil), and Europe (Germany, Poland, Turkey), serving industries from automotive and electronics to healthcare and water treatment.
In recent developments, LG Chem secured a KRW 3.8 trillion ($2.6 billion) cathode supply contract with a US client in November 2025, bolstering its battery materials leadership. Toyota Tsusho Corporation acquired a 25% stake in LG Chem's cathode plant in September 2025 to comply with US Inflation Reduction Act standards and enhance North American supply chains. The company formed a strategic alliance with ZEISS in October 2025 to strengthen photopolymer supply for advanced optics, while selling its water solutions business to Glenwood Private Equity in June 2025 to streamline operations.