Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  LG Chem Ltd    051910   KR7051910008

LG CHEM LTD

(051910)
My previous session
Most popular
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

LG Chem : to invest W1.2 tril. to expand battery plants in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 02:56pm EDT

By Jun Ji-hye LG Chem will invest more to expand its battery plants in Nanjing, southeastern China, to strengthen its standing in the global market, the company said Thursday. The nation's leading battery and chemical company said it will spend 12 trillion won ($1 billion) by the end of 2020 ― 600 billion won each into its electric vehicle (EV) and small-sized battery plants.

The company signed a contract allowing for the expansion with the Nanjing local government, Wednesday. The investment is aimed at responding to rapidly increasing demand for pouch-type batteries for EVs and cylindrical batteries for cordless vacuum cleaners, power tools and light EVs such as e-bikes.

According to market researcher B3, global demand for cylindrical batteries will grow 27 percent annually and reach 6 billion next year 'Through the expansion of our plants, we will lead in the emerging light EV and power tools markets as well as the EV market,' said LG Chem Energy Solution Company President Kim Jong-hyun. 'We will use our three plants in Nanjing as export bases.

' .

(c) 2019 Korea Times Co. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LG CHEM LTD
03/20Georgia Power, PulteGroup announce new smart home technology partners, constr..
AQ
03/19Georgia Power, PulteHomes Add 4 Partners to Atlanta Smart Neighborhood
DJ
03/16LG chief solidifies grip on power
AQ
03/14LG CHEM : aims to become global top 5 chemical firm
AQ
03/12LG CHEM : gets $33.4 mil. from Gates Foundation for vaccine development
AQ
03/09Kwon to be appointed LG Electronics board chair
AQ
03/06LG ELECTRONICS : invests heavily in AI, auto parts, robots, car batteries
AQ
03/05Car battery makers rushing to build plants abroad
AQ
02/21LG CHEM : enters league of global top 10
AQ
02/13France's Macron unveils plan to give electric battery industry a jolt
RE
More news
Financials (KRW)
Sales 2019 31 260 B
EBIT 2019 2 378 B
Net income 2019 1 590 B
Debt 2019 4 609 B
Yield 2019 1,60%
P/E ratio 2019 17,63
P/E ratio 2020 14,17
EV / Sales 2019 1,00x
EV / Sales 2020 0,89x
Capitalization 26 790 B
Chart LG CHEM LTD
Duration : Period :
LG Chem Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 460 345  KRW
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Jin-Soo Park Vice Chairman & Chief Executive Officer
Ho-Young Chung President, Chief Financial Officer & Director
Jin-Nyeong Yoo President-Executive & Chief Technology Officer
Se-Jin Kim Outside Director
Bon-Joon Koo Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
LG CHEM LTD23 602
FORMOSA PLASTICS CORPORATION--.--%22 175
FORMOSA CHEMICALS & FIBRE CORPORATION--.--%20 702
COVESTRO AG9.12%9 744
LOTTE CHEMICAL CORP--.--%8 485
HENGYI PETROCHEMICAL CO LTD--.--%6 106