LG Chem is ramping up its support measures for partner companies by engaging in various activities ranging from reducing customers logistics costs to creating new businesses to tackle the recent economic downturn and seek mutual growth, the company said Thursday.
LG Chem announced Thursday that the company will work together with food giant CJ CheilJedang to produce bio-based nylon, an eco-friendly alternative to traditional synthetic polymers. LG Chem said the two companies signed a heads of agreement on Wednesday to establish a joint venture that will produce ingredients and bio-based nylon products. “It has not been determined yet, but the two companies are expected .
Companies in Korea, Germany, and Denmark were left perplexed as President Yoon Suk Yeol abruptly postponed his planned trips to the two European countries indefinitely, just days before his scheduled departure without elaborating on the specific reason, industry sources said Thursday.
The LG Chem battery materials plant being built in Clarksville has landed its biggest customer yet, signing a nearly $19 billion deal to supply EV battery cathodes to General Motors.
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