Lotte Chemical

Lotte Chemical Corporation
Native name	롯데케미칼 株式會社
Formerly	Honam Petrochemical ; (1976-2012)
Company type	Public
Traded as	KRX : 011170
Industry	Chemicals
Founded	1976 ; 48 years ago
Headquarters	Lotte World Tower , Seoul , South Korea
Parent	Lotte Corporation
Subsidiaries	Lotte Chemical Titan
Website	www.lottechem.com

Lotte Chemical Corporation ( Korean : 롯데케미칼 株式會社 ) is a chemical company headquartered in Seoul , South Korea . ^[1] Lotte Chemical is one of the largest chemical companies in the world by revenue. ^[2] Lotte Chemical manufactures synthetic resins and other chemical products used for various industrial materials. ^[3]

History [ edit ]

Lotte Chemical was established as Honam Petrochemical in 1976 and became part of Lotte Group after three years. After being integrated into Lotte, the company acquired various companies for business expansion. In 2010, Honam took over Malaysia's Titan Chemicals for US$1.27 billion to expand its business to the Southeast Asian market. In 2012, Honam merged with KP Chemical and was renamed Lotte Chemical. ^[4]^[5] Lotte Chemical acquired Samsung 's chemical businesses, including Samsung SDI 's chemical unit, Samsung Fine Chemicals, and Samsung BP Chemicals for 3 trillion won in 2016. ^[6]^[7]

Products [ edit ]

Lotte Chemical produces ethylene , polyethylene , and polypropylene by using naphtha extracted from crude oil. ^[8]

References [ edit ]

^ "Honam Petrochemical and KP Chemical to merge into Lotte Chemical Corporation" .
^ "C&EN's Global Top 50 chemical firms for 2021" . cen.acs.org .
^ Kim, Seung-yeon (May 19, 2022). "Lotte Chemical to spend 10 tln won by 2030 to boost hydrogen, battery biz" . Yonhap . Seoul .
^ Hwang, Si-young (December 13, 2012). "Honam Petrochemical to be renamed into Lotte Chemical" . Maeil Business Newspaper .
^ Cheon, Jong-woo; Cho, Mee-young (July 16, 2010). "S.Korea's Honam to buy Malaysia's Titan for $1.27 billion" . Reuters . Seoul.
^ "Samsung Group sells chemical assets to Lotte Group for $2.6 billion" . Reuters . Seoul. October 30, 2015.
^ Kang, Yoon-seung (February 29, 2016). "Lotte changes company name after takeover" . Yonhap News Agency . Seoul.
^ Kim, Je-lim (January 22, 2016). "Lotte Chemical to see profit rise this year" . Maeil Business Newspaper .

External links [ edit ]

Official website
Business data for Lotte Chemical:

[1] "Honam Petrochemical and KP Chemical to merge into Lotte Chemical Corporation" .

[2] "C&EN's Global Top 50 chemical firms for 2021" . cen.acs.org .

[3] Kim, Seung-yeon (May 19, 2022). "Lotte Chemical to spend 10 tln won by 2030 to boost hydrogen, battery biz" . Yonhap . Seoul .

[4] Hwang, Si-young (December 13, 2012). "Honam Petrochemical to be renamed into Lotte Chemical" . Maeil Business Newspaper .

[5] Cheon, Jong-woo; Cho, Mee-young (July 16, 2010). "S.Korea's Honam to buy Malaysia's Titan for $1.27 billion" . Reuters . Seoul.

[6] "Samsung Group sells chemical assets to Lotte Group for $2.6 billion" . Reuters . Seoul. October 30, 2015.

[7] Kang, Yoon-seung (February 29, 2016). "Lotte changes company name after takeover" . Yonhap News Agency . Seoul.

[8] Kim, Je-lim (January 22, 2016). "Lotte Chemical to see profit rise this year" . Maeil Business Newspaper .

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History [ edit ]

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