- LG Chem
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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
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.
Chevrolet Volt
Compact Power, Inc. (CPI), a subsidiary of LG Chem, based in Troy, Michigan, announced in a press release dated June 5, 2007 that it has been chosen by General Motors Corp. to develop a lithium ion (concretely, 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.[2] GM also tested batteries from a partnership of Continental AG and A123Systems.[3] 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.[4][5][6]
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.[7] Compact Power is building a battery plant to manufacture the advanced battery cells for the Volt,in Holland, Michigan. The $303 million Holland plant, funded by 50% U.S. Department of Energy matching stimulus funds, is planned to open by mid 2012.[8] The plant is expected to produce enough cells per year for between 50,000 to 200,000 battery packs for electric cars and hybrids such as the Volt, the Ford Focus Electric, and plug-in electric vehicles for other carmakers.[9]
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.
Industrial Materials
Residential flooring, commercial flooring, wall covering, surface and decorative materials, advertising banner sheets, membranes, and automotive components.
Information and Electronic Materials
Lithium ion batteries, display and optical films, printed circuit materials, and toner.
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.[10]
See also
References
- ^ a b c http://stock.daum.net/item/company.daum?code=051910&type=11&nil_profile=stockprice&nil_menu=itemsubtab9
- ^ 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.
- ^ "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.
- ^ 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.
External links
LG Group LG Electronics • LG Display • LG Chemical • LG Uplus • United Malays National Organisation •Anyang LG Cheetahs• LG Twins • Changwon LG SakersCategories:- Companies listed on the Korea Stock Exchange
- Automotive companies of South Korea
- Auto parts suppliers
- Chemical companies of South Korea
- Electric vehicle battery manufacturers
- Battery manufacturers
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