LG Chem: Plan for PVC production increase
South Korea’s LG Chem is planning to increase its output of PVC by a third. LG Chem is planning to increase its PVC capacity from 90,000 tonnes to 1,2 million tonnes by 2005 to meet strong demand from Asia - especially from China. LG Chem is the petrochemicals, electronic materials and industrial materials arm of LG Chemical Co, which was split into three parts on April 1. The company is also planning an expansion of its Chinese joint venture Ningbo LG Yongxing Co, which is to double ABS output to 300,000 tonnes/year by 2003.