LG Chem announced on Oct. 11 that it will invest around 120 billion won to expand the tech center, a customer-tailored technical support facility, to the United States and Europe.
The investment is to strengthen the company’s global market position and lay the foundations required to secure additional production bases in the future.
LG Chem will also construct a new ABS compound plant in the United States. ABS compound is the final process in the production of ABS products.
Tech center is a dedicated customer support organization that provides comprehensive technical solutions such as product development, quality improvement, and productivity enhancement to customers and partners who purchased LG Chem's petrochemical products.
The ‘American Tech Center’ will be built in Ohio, US, and the ‘European Tech Center’ will be built in Frankfurt, Germany. Both centers will be three-stories high with a total floor space of more than 7,600㎡(around 2,300 pyeong).
Completion of construction and start of full-scale operation are scheduled to take place in 2023 for both centers.
President Noh Kug-lae of LG Chem said, “Tech centers will strengthen customer responsiveness through customized technical support optimized to the local market and play a key role in making LG Chem’s strategic product lead the global markets.”