[Concall] LG Chem Lowers CAPEX Plan from 4 Trillion Won to 3 Trillion Won Range
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On the 25th, during the Q2 earnings conference call, LG Chem stated, "We announced an investment of 4 trillion KRW in CAPEX this year focusing on three major new growth engines, but we are executing it cautiously considering market conditions, demand fluctuations, and macroeconomic factors," adding, "We expect this year’s CAPEX to be in the mid-3 trillion KRW range, similar to last year."
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They continued, "While investment in cathode materials remains a top priority, we plan to adjust annual CAPEX in line with the production cut trend of our downstream customers," and emphasized, "We will strictly maintain our investment execution policy."
This content was produced with the assistance of AI translation services.
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