LG Chem, the chemical arm of the LG Group, recently raised $2 billion through exchangeable bonds issued to investors. These securities allow them to swap them at specific times for Treasury shares or stocks from other companies, and also carry lower interest rates than general corporate bonds. LG Chem plans on using these funds for investment and operations related to battery materials and drug development businesses.
LG is a conglomerate operating across various industries such as electronics, appliances, home entertainment and chemicals. Employing over 78,000 worldwide, its revenue ranks it 10th largest chemical company worldwide. Headquartered in Seoul South Korea since 1947 as Lucky Chemical Industrial Corporation before merging with GoldStar to form Lucky-GoldStar; later changing name again to LG in 1995 as it focused more heavily on business-to-business sales than consumer products sales.
Lithium-ion batteries for electric vehicles and energy storage systems (ESSs) are its flagship product, making the company one of the world’s top producers, boasting strong global reach across North America, Europe, Asia and Australia. Furthermore, this company has several joint venture partnerships with major automakers for producing battery cells.
LG Chem is known for producing battery products, plastics and specialty chemicals – including plasticizers, additives, alcohols and other liquids – but also produces plastics like Acrylonitrile butadiene Styrene (ABS), polyvinyl chloride (PVC) and Styrene Acrylonitrile Resin (SAR). Other specialty chemicals produced include plasticizers additives alcohols liquids. LG also creates elastomers engineering plastics special resins and conductor materials conductive materials.
LG Chem has recently been investing in eco-friendly products and battery materials that are safer for both the environment and users. For instance, they have developed eco-friendly plastics made from recycled materials; while simultaneously working on developing safer lithium-ion batteries that reduce toxic waste production while increasing energy efficiency.
To maintain its position as the leading chemical manufacturer worldwide, the company is investing heavily in research and development as well as plant and personnel to accommodate for future expansion. As demand for its products continues to increase, it’s anticipated that they will remain at the top of their industry for some time to come.
LG Chem’s application process entails two steps – submitting your resume and filling out an online application – then being contacted by a recruiter to schedule an interview, typically including initial phone screens and assessment tests. After these interviews have taken place, results will be announced; if accepted you will need to sign a contract as well as submit to background checks and undergo other employment-related processes specific to your industry of interest.
