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LG Chem plans US$50 mln plant in China

SEOUL, May 16, 2009 (Asia Pulse Data Source via COMTEX) --

Company: LG Chem Ltd (LGCLF)

LG Chem Ltd., South Korea's top chemicals maker, said Friday it plans to spend US$50 million to build a synthetic rubber plant in China.

The new plant, to be located in Tianjin, will be completed in the first half of next year, LG Chem said in a regulatory filing.

LG Chem aims to generate $150 million in sales by 2011, according to the filing.

Copyright (C) 2009 Asia Pulse Data Source. All rights reserved

News Provided by COMTEX

Company: LG Chem Ltd (LGCLF)


Related terms: chemicals, china, plant, sales, south korea

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