By Diplomacy Journal Lee Kap-soo LG Chem announced on Sept. 9 that Toyota Tsusho Corporation had acquired a 25% stake in LG-HY BCM, the company’s cathode materials plant in Gumi, thereby joining as the second-largest shareholder. Toyota Tsusho, the general trading company of the Toyota Group, plays a vital role in Toyota Motor’s raw material procurement. With Toyota Tsusho’s investment, the shareholding structure of the Gumi plant has shifted to LG Chem (51%), Toyota Tsusho (25%) and Huayou Cobalt (24%, down from 49%). This adjustment ensures the venture meets the newly redefined PFE criteria
By Diplomacy Journal Lee Kap-soo The Global Impact Coalition (GIC), a CEO-led collaborative platform for a net-zero chemicals future, is proud to announce LG Chem as its newest member. As one of the world’s largest chemical companies and a leader in sustainable materials, LG Chem’s membership sends a strong signal to Asia and the broader industry that global collaboration is essential to developing sustainable and commercially viable solutions. This milestone reinforces GIC’s growing global impact and highlights the importance of international partnerships in scaling up solutions to reduce emi
By Diplomacy Journal Lee Kap-soo LG Chem has inaugurated a new customer solution (CS) center dedicated to providing personalized support to its customers across North America, the company said on Aug. 29. Located in the city of Ravenna, Ohio, the new CS center will stand as a specialized organization offering comprehensive technical solutions for product development, quality improvement and productivity enhancement for LG Chem’s customers and suppliers. The grand opening ceremony was attended by key executives including Noh Kug-Lae, Head of Petrochemicals at LG Chem, and Frank Seman, Mayor of
By Lee Kap-soo LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to supply chain. On December 20, LG Chem held the groundbreaking ceremony for its cathode plant in Tennessee. The event was attended by guests including Tennessee Governor Bill Lee, Commissioner Stuart McWhorter, Senator Ma