Lotte Chemical : New Facilities Investment, etc.(Voluntary Disclosure)
December 16, 2021 at 08:09 pm EST
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New Facilities Investment, etc.(Voluntary Disclosure)
1. Type of Investment
New Facility Investment
- Specific Object of Investment
EOA and HPEO production facilities in Daesan plant
2. Details of Investment
Amount to be Invested (KRW)
250,000,000,000
Equity Capital (KRW)
13,712,355,293,944
Ratio to Equity Capital(%)
1.82
If Classified as a Large-scale Corporation
Yes
3. Purpose of Investment
Expanding the EOA business to improve EO/EG business portfolio
4. Investment Period
From
2021-12-16
To
2023-12-31
5. Date of Board Resolution (Decision Date)
2021-12-16
- Attendance of Outside Directors
Present(No.)
6
Absent(No.)
0
- Attendance of Auditors(members of Audit Committee)
-
6. Other references useful for making investment decisions
1. This disclosure is about the investment of EOA and HPEO (which is EOA's raw material) in new production facilities in Daesan plant. As a way to improve the EO/EG business portfolio, we decided to invest in production facilities of specialty EOA products, which are expected to continue to grow in the future.
2. The figures in the above, 'Amount to be Invested(KRW)' includes EOA, HPEO and Infra investment.
3. The figures in the above 'Investment Period From' is based on 'date of the board resolution' and 'Investment Period To' is the time when completion is expected to be completed.
4. The figures in the above, 'Amount to be Invested(KRW)' and 'Investment Period' may change depending on the progress of the investment and business environments.
5. The figures in the above 'Equity Captial' is based on 'Consolidated Audit Report' in 2020.
6. The specific timing, method of execution of the investment and other detailed decisions have been delegated to the CEO.
※ Title and date of other disclosure related to this one
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Lotte Chemical Corporation published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 01:08:02 UTC.
Lotte Chemical Corp is a Korea-based company mainly engaged in the production and sale of chemical products. The Company operates its business through four segments. The Polymer segment is involved in the manufacturing and sale of raw materials of plastics, home appliances and automobiles. The main polymer products include high-density polyethylene, polypropylene, low-density polyethylene, polyethylene terephthalate, among others. The Monomer segment is involved in the manufacturing and sale of raw materials of processed petrochemicals such as styrene monomer, butadiene, ethylenesic acid duct, ethylene oxide glycol. The Basic Chemical segment is involved in the manufacturing and sale of raw materials such as ethane, propylene, benzene, and toluene. The Other segment is engaged in the real estate leasing, as well as the provision of dispatch services.
LOTTE CHEMICAL CORPORATION 
