Lotte Chemical Corporation () is a chemical company headquartered in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

. Lotte Chemical is one of the largest chemical companies in the world by revenue. Lotte Chemical manufactures

synthetic resins Synthetic resins are industrially produced resins, typically viscosity, viscous substances that convert into rigid polymers by the process of curing (chemistry), curing. In order to undergo curing, resins typically contain reactive end groups, s ...

and other chemical products used for various industrial materials.

History

Lotte Chemical was established as Honam Petrochemical in 1976 and became part of Lotte Group after three years. After being integrated into Lotte, the company acquired various companies for business expansion. In 2010, Honam took over Malaysia's Titan Chemicals for US$1.27 billion to expand its business to the

Southeast Asia Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Au ...

n market. In 2012, Honam merged with KP Chemical and was renamed Lotte Chemical. Lotte Chemical acquired

Samsung Samsung Group (; stylised as SΛMSUNG) is a South Korean Multinational corporation, multinational manufacturing Conglomerate (company), conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous a ...

's chemical businesses, including Samsung SDI's chemical unit, Samsung Fine Chemicals, and Samsung BP Chemicals for 3 trillion won in 2016.

Products

Lotte Chemical produces

ethylene Ethylene (IUPAC name: ethene) is a hydrocarbon which has the formula or . It is a colourless, flammable gas with a faint "sweet and musky" odour when pure. It is the simplest alkene (a hydrocarbon with carbon–carbon bond, carbon–carbon doub ...

polyethylene Polyethylene or polythene (abbreviated PE; IUPAC name polyethene or poly(methylene)) is the most commonly produced plastic. It is a polymer, primarily used for packaging (plastic bags, plastic films, geomembranes and containers including bott ...

, and

polypropylene Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer Propene, propylene. Polypropylene belongs to the group of polyolefin ...

by using

naphtha Naphtha (, recorded as less common or nonstandard in all dictionaries: ) is a flammable liquid hydrocarbon mixture. Generally, it is a fraction of crude oil, but it can also be produced from natural-gas condensates, petroleum distillates, and ...

extracted from crude oil.

Subsidiary

* Lotte Chemical Titan * Lotte Energy Materials * Lotte Chemicals U.S.A. * Hantok Chemicals * Lotte Fine Chemicals * KP Camtech

Corporate governance

As of 7 April 2023.

History slogans

* Honam Petrochemical Creating a prosperous future through petrochemical industry (1983) * Honam Petrochemical creates new technologies through advanced research and development (1994 ~ 1996) * Life value Creator (2012 ~ 2018) * The Global Player (2018 ~ 2019) * Chemizing Thoughts into the Future (2019 ~ 2021) * Adding Momentum to the World with Chemistry (2021 ~ Present)

References

External links

{{KOSPI 200 Lotte Corporation subsidiaries South Korean companies established in 1976 Chemical companies of South Korea Companies listed on the Korea Exchange Companies in the KOSPI 200