Lotte Chemical's Lee Hoon-ki, First On-site Management Since Inauguration... Visits Yeosu and Ulsan Plants

CEO Lee Hoon-ki, Through Meeting with Executives and Employees
"A Crucial Time for Structural Improvement
Strengthening Profitability Based on On-site Capabilities" Ordered

Lee Hoon-ki, CEO of Lotte Chemical, is having a conversation with on-site employees. Photo by Lotte Chemical

Since his inauguration, Lotte Chemical CEO Lee Hoon-ki has conducted his first on-site management visits to Lotte Chemical factories located in Yeosu and Ulsan, as well as to its affiliates Lotte Fine Chemical and joint venture Lotte INEOS Chemical.

According to Lotte Chemical on the 2nd, CEO Lee visited the basic materials business site in Yeosu on the 27th of last month, touring the entire facility and encouraging employees. On the same afternoon, he visited the advanced materials business site, urging thorough compliance with safety obligations and the utmost effort in site management.

During a meeting with employees, CEO Lee emphasized, "Preventing safety and environmental accidents is the fundamental principle of the workplace that cannot be compromised," adding, "Now is a crucial time for solid execution of standards and principles and for organizational improvement." He further requested, "Based on the strength of the field, please make every effort to enhance profitability and create a safer workplace."

The following day, he visited the Ulsan plant of Lotte Fine Chemical, a specialty chemical affiliate, carefully inspecting the entire site and holding discussions on green materials and specialty businesses.

Additionally, during his visit to the joint venture Lotte INEOS Chemical, he reviewed the technological capabilities of the only domestic producer of acetic acid and vinyl acetate monomer (VAM), and called for mutual cooperation to ensure sustainable growth in the petrochemical industry.

Since his appointment in December last year, CEO Lee Hoon-ki has stressed, "We must lead the advancement of the business structure for sustainable growth," and emphasized, "Strengthening profitability-focused management through expansion of high value-added and high-function materials, and securing solid competitiveness through the rapid establishment of hydrogen energy and battery materials businesses require the efforts of all employees."

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