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LG Chem plans to invest 120 billion won to build technology centers in Europe and America

 Last Update: 2023-01-14
 Source: Internet
 Author: User

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LG Chem announced that the company will invest about 120 billion won to set up technology centers in Ohio in the United States and Frankfurt in Germany to meet customer needs
.

According to LG Chem, the U.
S.
and European markets account for more than 20 percent of LG Chem's global demand for major products
.
The establishment of technical centers in Europe and the United States will strengthen LG Chem's position in the European and American markets
.
The technology center is expected to be operational in 2023
.
LG Chem will send about 70 R&D personnel from businesses including extrusion processing and injection molding technology to the technology center
.

At the same time, LG Chem will invest an additional 60 billion won in the construction site of the Ohio technology center in the United States to build a new ABS resin compound plant with an annual output of 30,000 tons
.
The plant will be completed and put into operation in 2023
.

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