LG Chem to up battery material production

The booth of LG Chem during an expo in Shanghai. CHINA DAILY LG Chem, a South Korean chemical company, will further expand battery material production capacity in China and strengthen collaboration with Chinese companies as it sees enormous growth opportunities from China's emphasis on sustainable development and the cultivation of new quality productive forces. Hwang said since the establishment of diplomatic relations between China and South Korea in 1992, LG Chem, as the first South Korean chemical company to invest in China, has been engaged in the Chinese market for more than 30 years, with more than 3,600 employees, adding that "these have shown that our investment in the Chinese market is sustained and prominent." He noted that the Chinese market has contributed significantly to LG Chem's global sales, emphasizing that "the Chinese market still holds immense growth potential and plays a leading role in driving global economic growth." A considerable number of Chinese chemical companies are deeply integrated into LG Chem's industrial chain and localized production, as they can provide high-quality basic chemical raw materials and accumulated rich technical experience in the research and development, synthesis and production of chemicals, with advanced production facilities and strict quality control, Hwang added.