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    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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End-of-day quote Korea Stock Exchange  -  2022-06-26
545000.00 KRW   +0.37%
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LG Chem : Biodegradable Plastic for Zero Harm to the Earth

05/03/2022 | 08:01pm EDT

When you go shopping or buy groceries, it's easy to pick up one or two plastic bags before you know it. Lightweight and durable, plastic bags are super convenient. Nowadays, there is a movement to use them less because plastic waste causes significant harm to the environment. Can't we have handy bags without hurting the Earth? There is a new type of plastic bag made of PLA, a biodegradable plastic.


PLA (polylactic acid) is a 100% biodegradable plastic made from lactic acid, which comes from fermenting corn or sugarcane. It has the same physical properties as ordinary plastic but is harmless to the human body. PLA is mainly used in food containers, straws, dinnerware, and tea bags. It can also be used to make tobacco filters and capsule coffee. This eco-friendly material has endless possibilities.


In September 2021, LG Chem, a science company leading in sustainability, signed a contract with ADM (Archer Daniels Midland), one of the world's four biggest grain processing companies. Through this deal, we plan to establish a production plant for bioplastics (PLA) made of corn in the United States by 2025, which is expected to produce 75,000 tons a year.


At LG Chem, we connect science to every nook and cranny of life for a better future.


Disclaimer

LG Chem Ltd. published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2022 00:00:03 UTC.


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Analyst Recommendations on LG CHEM, LTD.
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Financials
Sales 2022 49 402 B 38,5 B 38,5 B
Net income 2022 2 674 B 2,08 B 2,08 B
Net Debt 2022 6 506 B 5,07 B 5,07 B
P/E ratio 2022 15,3x
Yield 2022 2,01%
Capitalization 40 251 B 31 341 M 31 341 M
EV / Sales 2022 0,95x
EV / Sales 2023 0,86x
Nbr of Employees -
Free-Float 59,6%
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Mean consensus BUY
Number of Analysts 28
Last Close Price 545 000,00 KRW
Average target price 792 928,57 KRW
Spread / Average Target 45,5%
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Managers and Directors
Hak Cheol Shin Chairman & Chief Executive Officer
Okdong Son President
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
Young-Ho An Independent Director
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