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10 trillion won!

 Last Update: 2023-01-10
 Source: Internet
 Author: User

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South Korea's LG Chem recently said it plans to invest 10 trillion won ($8.
7 billion) by 2025 to accelerate "sustainable growth" in its battery materials business and other business lines
.

LG Chem said that it regards sustainable green materials, e-Mobility battery materials, and global innovative new drugs as three new growth engines, and said it will invest 10 trillion won in these fields by 2025
.

　　LG Chem plans to invest 3 trillion won in sustainable development fields such as biomaterials, recycling, and renewable energy industrial materials, and cultivate them into future growth points for the Petrochemical Business Division
.

　　The company aims to become the world's No.
1 comprehensive battery material company, and plans to invest 6 trillion won to cultivate a diversified product portfolio ranging from cathode materials to separators, anode adhesives, thermally conductive adhesives, and carbon nanotubes (CNTs)
.

　　Its Life Science Division plans to become a global new drug company with two or more innovative drugs by 2030, and aims to enter the United States, Europe and other markets, and plans to invest more than 1 trillion won in the new drug business
.

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10 trillion won!

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LG Chem to invest 2.6 trillion won to build 10 new factories