Lotte Chemical Invests 140 Billion KRW in New Facility
[Asia Economy Reporter Kwon Jae-hee] Lotte Chemical announced on the 29th that it has decided to invest in the production facility for electric vehicle battery electrolyte organic solvents at the Daesan plant.
The investment amount is 140 billion KRW, which corresponds to 0.91% of the company's equity capital.
The company explained the reason for the investment as "to expand the company's electrolyte organic solvent business portfolio."
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The investment period is from June 28, 2022, to June 30, 2024.
This content was produced with the assistance of AI translation services.
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