LG Chem
| Type | Public (traded on the Korea Stock Exchange) |
|---|---|
| Traded as | KRX: 051910, KRX: 051915 |
| Industry | Chemicals, Industrial goods |
| Founded | 1947 |
| Headquarters | Seoul, South Korea |
| Products | Raw materials |
| Revenue |  US$ 16.8 billion (2010)[1] |
| Net income | US$ 1.9 billion (2010)[1] |
| Employees | 8.200 |
| Parent | LG Group |
| Website | lgchem.com |
LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical and also known as Lucky GoldStar Chemical, is the largest Korean chemical company[1] and is headquartered in Seoul, South Korea. It has eight domestic factories and direct marketing branches established around the world including the Americas (North and South), China, Russia, Germany, Poland, Switzerland, India, Indonesia, Japan, Singapore, Taiwan, Thailand, Turkey, Vietnam, and Brazil. As of November 2, 2007, the Company merged with LG Petrochemical Co.
Contents |
[edit] Business Segments
LG Chem is a manufacturer, supplier, and exporter of petrochemical goods, plastics, flooring and automobile parts. The Company operates three main divisions: Chemicals and Polymers, Industrial Materials, and Information and Electronic Materials.
[edit] Information and Electronic Materials
Lithium ion batteries, display and optical films, printed circuit materials, and toner.
[edit] Compact Power, Inc.
Compact Power, Inc. (CPI) is a wholly owned subsidiary of LG Chem based in Troy, Michigan that assembles lithium-ion polymer battery systems for electric and hybrid vehicles using cells manufactured in Korea by parent company LG Chem. In 2010, they began building a battery plant to manufacture advanced battery cells for electric vehicles in Holland, Michigan. The US$303 million Holland plant received 50% of its funding from U.S. Department of Energy matching stimulus funds and is planned to open by the middle of 2012.[2] The plant is expected to produce enough cells per year to build between 50,000 and 200,000 battery packs for electric cars and hybrids such as the Volt, the Ford Focus Electric, and upcoming plug-in electric vehicles from other carmakers.[3]
[edit] Chevy Volt
CPI announced in a press release dated June 5, 2007 that it had been chosen by General Motors Corp. to develop a lithium-ion polymer battery system for the GM E-Flex platform propulsion system. The E-Flex electric vehicle architecture underpins the Chevrolet Volt plug-in hybrid car that GM began producing in 2010.[4] GM had also tested batteries from a partnership of Continental AG and A123 Systems.[5] In October 2008, GM announced it had chosen CPI to provide the battery systems for the first production version of the Volt, which was rolled out in December 2010.[6][7][8]
As of 2011[update], the Volt's battery cells are produced by LG Chem in South Korea and subsequently shipped to the US, where the battery packs are assembled at a purpose-built facility in Brownstown Township, Michigan owned and operated by GM.[9]
[edit] Ford Focus Electric
CPI will also supply battery packs for the Ford Focus Electric that will initially use cells manufactured in Korea by parent LG Chem and then later will switch to cells produced in CPI's Holland, Michigan battery plant plant.[10]
[edit] Chemical and Polymers
Raw materials and liquids including but not limited to polyvinyl chloride, plasticizers, specialty additives, alcohols, polyolefins, acrylic acids, rubbers, styrenics, performance polymers, engineering plastics, elastomers, conductive resins, and other chemicals.
[edit] Industrial Materials
Residential flooring, commercial flooring, wall covering, surface and decorative materials, advertising banner sheets, membranes, and automotive components.
[edit] LG Solar Energy
LG Solar Energy is a subsidiary formed in 2007 to allow LG Chem to supply polysilicon to LG Electronics for production of solar cells.[11]
[edit] See also
[edit] References
- ^ a b c http://stock.daum.net/item/company.daum?code=051910&type=11&nil_profile=stockprice&nil_menu=itemsubtab9
- ^ "LG Chem to establish new electrolyte production plant in Michigan". Green Car Congress. 2010-11-07. http://www.greencarcongress.com/2010/11/lgchem-20101107.html. Retrieved 2011-05-19.
- ^ "LG Chem Wins GM Supplier of the Year Award". Electric Cars Report. 2011-03-17. http://electriccarsreport.com/2011/03/lg-chem-wins-gm-supplier-of-the-year-award/. Retrieved 2011-05-19.
- ^ Compact Power Inc press release (2008-06-05). "Compact Power, Inc. Wins Lithium-Ion Battery Development Program For General Motors Hybrid Electric Vehicles". http://www.compactpower.com/Documents/cpi_gm_development_program.pdf. Retrieved 2008-06-08.
- ^ Voelcker, John (August 2008). "Battery Czar". IEEE Spectrum. pp. 32–37.
- ^ Kim, Soyoung (2008-10-22). "LG Chem to supply GM Volt batteries -- sources". Reuters. http://www.reuters.com/article/rbssChemicalsCommodity/idUSN2239779020081022?sp=trueh. Retrieved 2009-08-11.
- ^ "BREAKING: LG Chem and Compact Power Inc. to Supply Volt Battery Packs". GM-Volt.com. 2008-10-22. http://gm-volt.com/2008/10/22/breaking-lg-chem-and-compact-power-inc-to-supply. Retrieved 2009-08-11.
- ^ Johnson, Drew (2008-10-24). "GM inks Chevrolet Volt battery contract". Leftlane. http://www.leftlanenews.com/gm-inks-chevrolet-volt-battery-contract.html. Retrieved 2009-08-11.
- ^ "GM Chooses LG Chem to Supply Chevy Volt’s Lithium-ion Batteries and Will Build the Packs Themselves". GM-Volt.com. January 12, 2009. http://gm-volt.com/2009/01/12/its-official-gm-chooses-lg-chemcompact-power-inc-to-supply-chevy-volt-lithium-ion-battery-packs.
- ^ "Ford Selects Compact Power as Lithium-Ion Battery Pack Supplier for Ford Focus Electric on Sale in 2011" (Press release). Ford Motor Company. 2010-07-13. http://media.ford.com/article_display.cfm?article_id=32959. Retrieved February 02, 2012.
- ^ St. John, Jeff (2008-09-11). "LG Plots Solar Partnership With Conergy". Greentech Media. http://www.greentechmedia.com/articles/lg-plots-solar-partnership-with-conergy-1395.html. Retrieved 2009-08-11.
[edit] External links
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