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LG Chem announces investment in I&EM business

Posted: 09 Dec 2002 ?? ?Print Version ?Bookmark and Share

Keywords:lg chem? information? electronics material? rechargeable batteries? polarizers?

LG Chem Ltd has bared plans to invest about 1 trillion won ($817.13 million, $1:1,223.79 won) in its Information and Electronics Materials (I&EM) business. During the first phase, the company will establish a manufacturing complex in Oh Chang, Northern Choong-Chung, South Korea. The industrial complex is expected to produce information and electronics materials including rechargeable batteries, polarizers, RPTV (rear projection TV) screens and PDP filters, as well as display materials such as the OELD (organic electro luminescence display).

The company aims to increase its polarizer production capacity to 18 million per year by 2006 from 3.8 million units, as well as to boost monthly capacity for Li-ion and lithium polymer batteries to 18 million units by 2005 from 4.3 million.

"With future growth potential of the global I&EM market, we want to ensure that we have product and production plans in place that will allow LG Chem to solidify its position as a technology leader in the industry," said Jong-Pal Kim, VP of I&EM business.

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