LG Chem to double capacity of ABS joint venture in China

摘要

LG Chem says it will invest $100 million to double the capacity of an acryloni-trile-butadiene-styrene (ABS) joint venture (JV) at Huizhou, China, and LG Chem will increase its stake in the JV. The capacity of the JV will increase from 150,000 metric tons/year to 300,000 metric tons/year by 2018. The JV is a 50-50 partnership between LG Chem and China National Offshore Oil Corp. (CNOOC). LG Chem's stake in the JV will rise to 70%, the company says.