Lotte Chemical Achieves 47 Billion KRW Support for SMEs' Overseas Expansion

On the 24th, Lotte Chemical announced that it supported 73 domestic small and medium-sized enterprises (SMEs) last year in expanding their overseas market entry and sales, achieving a sales expansion of 46.7 billion KRW.

Exterior view of Dubon Co., Ltd.'s Johor Bahru factory in Malaysia, completed with support from Lotte Chemical

Lotte Chemical operates various win-win programs such as financial support, management consulting, and technology, manpower, and education support projects to create a growth environment for SMEs through stable cooperative relationships with partner companies and to strengthen the competitiveness of key partners.

In cooperation with six overseas subsidiaries in the Americas and Europe, including Lotte Chemical Titan (Malaysia), the company is assisting domestic SMEs in entering local markets.

An excellent partner company, Dubon, a supplier of petrochemical additives, received support from Lotte Chemical for land, infrastructure facility construction, and legal advice, and completed production facilities within the Lotte Chemical Titan plant located in Johor Bahru, Malaysia.

A Lotte Chemical official stated, "We plan to expand support for local market entry of partner companies with overseas production subsidiaries in the United States, Hungary, Indonesia, and others," adding, "Through the operation of practical support programs, we will lead the strengthening of partner companies' competitiveness and solidify sustainable cooperative relationships."

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