Lotte Chemical Sells Water Treatment 바카라사이트 승리바카라 소울카지노

■ 바카라사이트 승리바카라 소울카지노 Chemical sells its non-core water treatment business to a subsidiary, Synopex, accelerating business restructuring with asset light strategy.
■ 바카라사이트 승리바카라 소울카지노 Chemical stated, “The strategic divestment of the water treatment business is aimed at focusing our resources on the development and expansion of high-value-added specialty materials and new growth businesses.” The company added, “Through business restructuring, we will not only enhance our portfolio but also continue management innovation efforts to improve profitability and strengthen our fundamental competitiveness.”

바카라사이트 승리바카라 소울카지노 Chemical accelerates business restructuring with asset light strategy by divesting non-core water treatment business.

바카라사이트 승리바카라 소울카지노 Chemical announced on the 20th that it will sell its water treatment membrane production plant, located within the National Water Industry Cluster in Daegu and spanning a total floor area of 5,775 square meters, to Synopex Membrane. Following the signing of the business transfer agreement, the two companies plan to complete the transaction by July after fulfilling key closing conditions. The sale price will remain undisclosed in accordance with confidentiality obligations.

The Daegu plant, which began full-scale commercial operations in 2019, manufactures and sells UF (ultrafiltration)-based membrane products used for waste바카라사이트 승리바카라 소울카지노 treatment (both domestic and industrial) and 바카라사이트 승리바카라 소울카지노 purification (for potable and industrial 바카라사이트 승리바카라 소울카지노).

바카라사이트 승리바카라 소울카지노 Chemical explained, “The strategic divestment of the water treatment business is aimed at focusing our resources on the development and expansion of high-value-added specialty materials and new growth businesses.” The company added, “Through business restructuring, we will not only enhance our portfolio but also continue management innovation efforts to improve profitability and strengthen our fundamental competitiveness.”

바카라사이트 승리바카라 소울카지노 Chemical has been actively pursuing a business model transformation under its asset light strategy, securing approximately KRW 1.7 trillion in cash to date.

In the first half of this year, the Company sold its entire 75.01% stake in LCPL (Lotte Chemical Pakistan Limited), a subsidiary for purified terephthalic acid (PTA) production and sales in Pakistan, to secure about KRW 97.9 billion. Additionally, by leveraging a 25% stake in its Indonesian subsidiary LCI (PT Lotte Chemical Indonesia), it raised approximately KRW 650 billion. The Company also sold a 4.9% stake in Japanese company Resonac for KRW 275 billion.

Last year, 바카라사이트 승리바카라 소울카지노 Chemical raised around KRW 660 billion by utilizing a 40% stake in LCLA (바카라사이트 승리바카라 소울카지노 Chemical Louisiana LLC), its subsidiary for ethylene glycol production in the U.S., and completed the liquidation of LUSR (바카라사이트 승리바카라 소울카지노 UBE Synthetic Rubber Sdn. Bhd.), a synthetic rubber joint venture in Malaysia.