Thursday, July 23, 2009

LG Chem and CNOOC to invest US$370 mln in ABS plant in China

LG Chem posted a record quarterly profit because of increased exports to China. In a bid to draw on demand from China, LG Chem Ltd. and CNOOC Ltd. plan to invest US$370 mln to build an acrylonitrile bbutadiene styrene (ABS) plant in South China.

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