[Concall] LG Chem "Simultaneous Generic Business Restructuring and High-Profit Product Line Transition"

On the 30th, during the Q3 earnings conference call, LG Chem stated regarding its petrochemical division, "We have been flexibly adjusting plant operating rates throughout the year while monitoring the overall market conditions," adding, "The Yeosu 2nd NCC is in the same situation."

LG Chem said, "Although there have been no significant market fluctuations related to crackers, overall, the rise in oil prices has led to increased by-product value, improved profitability of some general-purpose products, and the POE expansion plant, which generates high profits, started operations at the end of the year. We expect these factors to have a positive effect on profits through overall operating rate optimization." It added, "The NCC PEO has been operating at 70-80% throughout the year, and main products such as PVC and ABS have been operating at over 90% overall."

Furthermore, it stated, "For some parts of the portfolio that lack competitiveness and general-purpose businesses expected to face intensified competition with China, we are internally conducting efficiency and structural improvement efforts," adding, "Although it is difficult to provide specific details, we are prioritizing small-scale general-purpose businesses and intermediate raw material businesses, and are concurrently adjusting operations by production line and converting lines to high-profit products."

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