factory price LG Chemical completes Vietnam DOP plant

  • factory price LG Chemical completes Vietnam DOP plant
  • factory price LG Chemical completes Vietnam DOP plant
  • factory price LG Chemical completes Vietnam DOP plant
  • Will LG Chem expand its battery business in Vietnam?
  • Thanks to its inroad to Vietnam, LG Chem is expected to speed up its plan of tripling its total battery production capacity from current 35-gigawatt hours (GWh) to 110 GWh by 2020. It has set aside 6.2 trillion won ($5.4 billion) for expanding business this year and plans to invest half of it on electric car battery segment.
  • When will LG Chem start commercial production?
  • It aims to start its commercial production by September this year. Thanks to its inroad to Vietnam, LG Chem is expected to speed up its plan of tripling its total battery production capacity from current 35-gigawatt hours (GWh) to 110 GWh by 2020.
  • How will LG reorganize and expand its Vietnam production?
  • Jung said LG will reorganize and expand its Vietnam production by focusing on manufacturing a wider range of products that are currently in high demand around the world, such as home appliances. LG plans to complete the transformation and reallocate all workers within this year.
  • Where is vpchem made?
  • VPCHEM's factory in Binh Duong province, southern Vietnam. Photo courtesy of the firm. With the acquisition of VPCHEM, the sole plasticizer manufacturing facility in Vietnam, Aekyung Chemical has increased its annual plasticizer production capacity from the existing 550,000 tons (400,000 tons in Korea and 150,000 tons in China) to 660,000 tons.
  • How many employees does LG Chem have?
  • Established in 1947, LG Chem employs more than 34,000 staffs across the world. It operates four main businesses including Petrochemicals, Energy Solutions, Advanced Materials and Life Sciences. The chemical business manufactures a wide range of products from petrochemical goods to high-value added plastics.
  • Who is VinFast & LG Chem?
  • VinFast will be responsible for operating the lithium-ion battery production line and warehouse, while LG Chem will provide technological supports and supervise facility management. VinFast is Vietnam’s first finished car maker that Vietnam’s largest private enterprise Vingroup set up in 2017.

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