[Concall] LG Chem "Global Economy Recovering Rapidly... Strong Petrochemical Market Expected in Q2"

[Asia Economy Reporter Hwang Yoon-joo] LG Chem stated on the 28th during its Q1 2021 earnings conference call that "the petrochemical industry is entering a boom" and "NB latex sales growth is expected in Q2."

LG Chem explained, "Demand for home appliances, medical gloves, and solar cells has surged, which are core to our portfolio," adding, "As European and North American companies resume operations, replenishing previously low inventories is a priority, so securing safety stock is expected to take some time."

They continued, "The largest demand market for NB latex is Malaysia, where we are reviewing on-site facilities. In Q2, we will operate new facilities in China and are also considering expansion domestically, aiming to rapidly increase capacity to over 1 million tons annually to firmly establish market leadership."

This content was produced with the assistance of AI translation services.