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Lotte Chemical continues to be profitable
The company said that while the geopolitical instability in the Middle East has led to continued pressure on the global supply chain, it has successfully maintained profitability through production and operation optimization and profitability-focused business strategies. It has accelerated its business restructuring: the Dashan factory was dismantled in June and will Chemical set up an integrated entity with Hyundai in September. Lishui Factory has also been approved to reorganize its plan to promote integrated operation. In addition, it is planned to complete the construction of Yulchon Compounding vegetation during the year, expand the proportion of high value-added items such as super engineering plastics, and continue to optimize the business portfolio.
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