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    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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End-of-day quote Korea Stock Exchange  -  2022-08-17
651000.00 KRW   -1.06%
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LG Chem : High-performance plastic for transporting clean water

03/21/2022 | 08:10pm EDT

The same material is applied to water treatment devices such as hot water boilers, water purifiers, and water softeners. It is a high-performance engineering plastic called lumiloy. Lumiloy is an alloy with an mPPE (modified polyphenylene ether) or PPO (polyphenylene oxide) base, combined with HIPS(High Impact Polystyrene), PA (polyamide), and other resins.

It has excellent moldability, heat resistance, and hydrolysis resistance, a property that reduces decomposition caused by moisture at high temperatures. Thanks to these properties, lumiloy is used to make parts for water pumps, hot water tanks, water softeners, and boilers that are hot and humid or in direct contact with water. It has outstanding dimensional stability, or the ability of polymers to maintain their original size. These qualities are also perfect for producing television housings and battery packs.


As you can see, LG Chem's technology is part of water pumps that transport clean water.

Disclaimer

LG Chem Ltd. published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 01:09:01 UTC.


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Sales 2022 50 976 B 38,4 B 38,4 B
Net income 2022 2 601 B 1,96 B 1,96 B
Net Debt 2022 4 419 B 3,33 B 3,33 B
P/E ratio 2022 18,9x
Yield 2022 1,62%
Capitalization 48 152 B 36 306 M 36 306 M
EV / Sales 2022 1,03x
EV / Sales 2023 0,94x
Nbr of Employees -
Free-Float 59,6%
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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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