LG Chem invests about 400 million US dollars in ABS plastics production

13. October 2022 South Korea’s LG Chem, the chemicals business unit within the LG Group, is investing the equivalent of around US$400 million in the modernization and expansion of its ABS plastics production facility at Yeosu. The nation’s largest petrochemical company recently contracted DL Group’s construction company DL E&C to work on the Yeosu ABS production facility. Acrylonitrile butadiene styrene (ABS) plastic is an impact-resistant polymer with strong resistance to heat and can be produced in a wide variety of colors. ABS is used in the automotive industry and household and electronic appliances, among other applications. To ensure basic safety in the design and manufacture of hazardous machinery and protective equipment in hazardous workplaces such as chemical plants in Korea, KCs certification is mandatory for many machines and components.     LG plans to carry out the expansion of the ABS plant in Yeosu by 2024 using energy-efficient technology. This will involve the construction of a new ABS production line with an annual capacity of 222,000 tons, while the old line producing 140,000 tons will be shut down. After the expansion, LG Chem’s annual ABS production capacity will increase from 1 million tons to 1.08 million tons. In addition to higher output, the expansion also serves to improve the safety of the plant, an LG Chem spokesman said, adding that existing equipment will be used for ongoing orders until the new plant is operational. The roughly $400 million investment is the company’s largest outside its battery division. The price of ABS rose last year due to increased demand from electronics during the Covid 19 pandemic. However, the price dropped again after the Ukraine war and China’s prolonged Covid-19 lockdown. KCs certification was introduced in South Korea to ensure basic safety in the design and manufacture of hazardous machinery and protective equipment in hazardous workplaces in Korea. The goal is to protect the health and safety of workers by preventing accidents. We provide certification services for all product areas, including KC certification for consumer products and especially electronics, KC-EMV certification for electronic products, and KCs certification for machinery, as well as KCs for explosion-proof products. We are available to answer any questions you may have about Korea certifications. Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications like KC, KC EMC, KCs, KCs for explosion safety products or KGS factory registration. Tel. Europe: +49-69-271 37 69 261 Tel. US: +1 773 654-2673 Email: info@korea-certification.com Urgent questions? Please do not hesitate to contact us via chat. You will find the chat window at the bottom right of each page (if this is not visible, please check your browser settings). For more information you can download our free brochure “Korea Certification Made Easy – The Booklet“.