LG Chem’s new glass subslate facility, which is scheduled to start production June, is a part of the company’s new business in the area of information-technology and electronics materials, according to a company spokesman.
South Korea’s largest chemical company by sales, LG Chem Ltd., has announced that it will invest KRW 700 billion (USD 615 million) to expand its facility for the production of liquid crystal display glass subslates.
The investment will take place from 30 April to 31 March 2014, LG Chem said in a regulatory filing. It was not stated how much capacity will be increased through the planned investment.
LG Chem, whose petrochemicals business accounted for nearly 80% of its total sales in the first quarter, also produces information-technology and electronics materials including lithium-ion batteries.
The LCD glass subslate facility, which is scheduled to start production June, is a part of the company’s new business in the area of information-technology and electronics materials, according to a company spokesman.