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South Korea's LG Chem will invest 10 trillion won in three major areas

 Last Update: 2021-08-05
 Source: Internet
 Author: User

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Sinochem News Network reported on July 14, South Korea’s LG Chem stated that it plans to invest 10 trillion won (approximately US$8.

LG Chem stated that it will take sustainable green materials, e-Mobility battery materials, and global innovative new drugs as the three new growth engines, and said it will invest 10 trillion won in these areas 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 the future growth point of the petrochemical business unit

The company's goal is to become the world's number one comprehensive battery material company.

Its life science business division plans to become a global new drug company with two or more innovative drugs in 2030, and with the goal of entering leading markets such as the United States and Europe, it plans to invest more than 1 trillion won in the new drug business

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