An LG Chem researcher South Korea’s LG Chem Ltd. has agreed to sell its water filter business – the world’s second-largest producer of reverse osmosis membranes – to Glenwood Private Equity Co. for an estimated 1 trillion won ($692 million), as the chemicals giant accele
LG Chem's skin filler products under the Yvoire brand (Courtesy of LG Chem) South Korean chemical giant LG Chem Ltd.'s offer for sale of its cosmetics filler business, tagged with an asking price of more than 500 billion won ($352 million), has failed to capture much interest from highly antici
Glenwood Private Equity Co-founder & CEO Lee Sangho (File photo) South Korea’s Glenwood Private Equity Co. is set to increase a blind fund to 1.5 trillion won ($1 billion) as pension funds at home and abroad, including the country’s National Pension Service (NPS), are interested
An LG Chem office building (Courtesy of LG Chem) LG Chem Ltd., the world’s fourth-largest chemicals producer that is fostering vaccine and new drug development as new growth drivers, has kicked off the sale of its cosmetics filler business in hopes of fetching more than 500 billion
LG Chem aims to turn into an advanced materials maker from a chemical company LG Chem Ltd., South Korea’s largest petrochemical company, is strengthening its research & development capabilities as it aims to transform a chemicals firm into a materials maker with its focus on raw mater
LG Chem's petrochemicals complex in Yeosu, South Jeolla Province LG Chem Ltd., South Korea's No. 1 petrochemical company, will shut down its styrene monomer (SM) production line this month and is mulling closing another base chemical production facility in the country to withdraw from the gener
An LG Chem researcher LG Chem Ltd. has agreed to license out a rare genetic obesity drug candidate in phase 2 clinical trials to Rhythm Pharmaceuticals Inc., a US biotech company, for up to $350 million, the two companies said on Thursday.Under the agreement, LG will receive $100 million up fro
Glenwood PE sells PI Advanced Materials France's Arkema (Courtesy of PI Advanced) South Korean investment firm Glenwood Private Equity Co. is solidifying its leading position with a carve-out strategy in the domestic market, executing four deals this year alone amid a slowdown in the merger and
LG Chem CEO Shin Hak-cheol (fifth from left) and Tennessee Governor Bill Lee (sixth from left) at the groundbreaking ceremony of LG Chem’s cathode plant in Clarksville, Tennessee on Dec. 19, 2023 (Courtesy of LG Chem) CLARKSVILLE, TN – South Korea’s No. 1 chemical maker LG Che
LG Chem's cathode plant in Cheongju, North Chungcheong Province (Courtesy of LG Chem) LG Chem Ltd., the parent of South Korea’s No. 1 battery maker LG Energy Solution Ltd., will unload its polarizer businesses to two Chinese players for a combined $800 million as part of its busines
Reverse osmosis membrane filter (Courtesy of LG Chem) South Korea’s top chemicals maker LG Chem Ltd. plans to spend 124.6 billion won ($94.5 million) on increasing its water treatment material output capacity to double the business in the next five years.LG Chem said on Monday it decided
LG Chem's Cheongju factory LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered around its new growth drivers to mitigate a prolonged slump in the global petrochemical market.According to sources in th
LG Chem's NCC facility in Yeosu, South Jeolla Province in South Korea (Courtesy of LG Chem) LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billion), as part of its business reshuffle to bolster
Biopharmaceutical research laboratory (Courtesy of Getty Images) LG Chem Ltd. is slated for exclusive talks with Seoul-based Glenwood Private Equity to sell off its in vitro diagnostics business, according to biopharmaceutical industry sources on Wednesday.The South Korean conglomerate LG Group
LG Chem's reverse osmosis (RO) filter manufacturing plant in Cheongju, South Korea LG Chem Ltd., the parent company of South Korea’s leading battery maker LG Energy Solution Co., is enjoying a strong rise in demand for its water purification filters.According to the chemical company last