■ ‘CEO IR DAY’ held for the second time since 2022... Attended by CEOs of LOTTE Chemical, LOTTE Fine Chemical, and LOTTE Energy Materials
■ Announced strategies according to rapid shift in fundamentals of the petrochemical industry and changes in global situations
■ LOTTE Chemical aims at expanding ratio of revenue for specialty materials to 60% by 2030 by expanding high-value products and converting to eco-friendly products... Focusing on easing volatility and improving profitability by expanding high-value products such as separator PE/PP, solar power EVA, etc.
■ LOTTE Fine Chemical aims at strengthening high-value specialty materials in the chemical sector and expand production scale to global no. 1 in the cellulose field for the green materials sector with the goal of becoming a ‘global top 10 specialty company’ by 2030
■ LOTTE Energy Materials eyes becoming the global no. 1 in high-end copper foil by pioneering the European and North American markets using its high-strength, high-elongation hybrid copper foil technologies
■ LOTTE Group Chemical Unit President & CEO Kim Gyo Hyun, “We are at a juncture that requires agile movement according to the rapidly changing international situations and chemical industry,” and added, “The major companies in the chemical unit must think about and implement businesses with the goal of securing maximum profitability and optimizing efficiency”

LOTTE Chemical announced that it held the ‘CEO IR DAY’ of the key companies in its chemical unit.

In the afternoon of the 13th (Fri) at the Yeouido Parc1 NH Financial Tower, LOTTE Group Chemical Unit President & CEO Kim Gyo Hyun, LOTTE Fine Chemical CEO Kim Yong Seok, LOTTE Energy Materials CEO Kim Yeon Seop, etc. attended to announce the strategies of each company for over 30 major domestic investment institutes and investors.

In his welcoming address, LOTTE Group Chemical Unit President & CEO Kim Gyo Hyun, “We are at a crucial juncture that requires agile movement according to the rapidly changing international situations and chemical industry,” and added, “The major companies in the chemical unit must think about and actively implement businesses with the goal of securing maximum profitability and optimizing efficiency.”

Under the judgment that it was necessary to change the existing strategies and portfolio for sustainable growth and to respond to the increased self-sufficiency for petrochemical products within China, LOTTE Chemical plans to reduce the ratio of low-profit business groups for universal products and expand high-value products such as separator PE/PP, solar power EVA, etc., and thereby focus on easing profit volatility and improving profitability.

Furthermore, it is leading the circulating economy ecosystem through eco-friendly transition of existing petrochemical products, expanding the PCR (Post Consumer Recycled) business to 500,000 tons by 2030 to create additional value, while also converting the Ulsan Plant, which is Korea’s largest PET production base, to a 340,000-ton C-rPET production line by 2030.

By expanding high-value products and converting to eco-friendly products, LOTTE Chemical plans to expand the revenue ratio of specialty materials to 60% by 2030, develop the competitiveness of existing businesses, and pioneer new markets.

LOTTE Fine Chemical is planning to expand high-value specialty materials and clean ammonia/hydrogen businesses in its chemical sector and secure the global top production scale of cellulose derivatives and pioneer new markets by strengthening its R&D in the green materials sector.

LOTTE Energy Materials established plans to become the global no. 1 in high-end copper foil by pioneering the European and North American markets using its high-strength, high-elongation hybrid copper foil technologies.

Meanwhile, the LOTTE Group Chemical Unit held an event for not just sharing the mid- to long-term performance goals, but also for explaining the core strategies and methods for creating synergy for each company in order to achieve those goals to strengthen communication with the capital market. In addition, it is expanding communication channels by holding IR events and announcements not just in Korea, but also abroad.