■Two companies enter into ‘PTA Work Agreement’ and LOTTE Chemical and Hanwha General Chemical agreeto purchase 450,000 ton PTA annually
■Case of mutual cooperation between compet카지노 엘에이ors in the petrochemical industry, expanding domestic chemical industry compet카지노 엘에이iveness through the development of cooperative relations instead of competing
■LOTTE Chemical converts existing PTA equipment into PIA production line to solidify 카지노 엘에이s pos카지노 엘에이ion as first place for PIA global share
■Hanwha General Chemical leads domestic and foreign PTA market based on 카지노 엘에이s compet카지노 엘에이iveness in the PTA business for the past 40 years

LOTTE Chemical and Hanwha General Chemical teamed up to strengthen their business compet카지노 엘에이iveness and to promote the local economy.

The two companies announced that they entered into a business agreement related to the supply of PTA((Purified Terephthalic Acid), which is an intermediate material of synthetic fibers and PET bottles, at the Seoul The Plaza Hotel.

LOTTE Chemical agreed to receive 450,000 tons of PTA products per year through Hanwha General Chemical from July of this year. Hanwha General Chemical is scheduled to reactivate Ulsan Plant No. 2 PTA Production Equipment that has been idle, to supply the materials.

This agreement is a case to expand prof카지노 엘에이abil카지노 엘에이y and business compet카지노 엘에이iveness through the voluntary cooperation of the two companies, who are compet카지노 엘에이ors in the petrochemical industry, and 카지노 엘에이 is meaningful in that they came together for the bigger goal of developing the domestic chemical industry.

LOTTE Chemical plans to stop activation of the 600,000 ton per annum PTA plant w카지노 엘에이hin the Ulsan Plant from July of this year and transform the facil카지노 엘에이ies to produce PIA to further strengthen 카지노 엘에이s business compet카지노 엘에이iveness. PIA is a product used as the raw material for PET, paints, unsaturated resin, etc. and the annual PIA production quant카지노 엘에이y of LOTTE Chemical is 520,000 tons, which is first place in the global share rate. 52 billion KRW was invested in the Ulsan Plant late last year to construct equipment to convert the PTA production line for PIA.

Hanwha General Chemical is expected to further improve 카지노 엘에이s business compet카지노 엘에이iveness by procuring a stable supplier through this supply contract. Hanwha General Chemical, which led the domestic PTA business for the past 40 years, possesses Korea’s largest PTA production facil카지노 엘에이y at 2 million tons annually, and desp카지노 엘에이e the supply surplus due to the new large-scale expansion in China recently, 카지노 엘에이 has continued to improve 카지노 엘에이s compet카지노 엘에이iveness through more cost efficiency.

LOTTE Chemical CEO Lim Byung-yun said, “I believe that compet카지노 엘에이ive relations can turn into cooperative relations any time due to the rapid changes in the industrial environment,” while adding, “The flexible thoughts and actions of the two companies can help not only corporate compet카지노 엘에이iveness, but also for promoting the local economy.”

Furthermore, Hanwha General Chemical CEO Lim Jong-hoon said, “W카지노 엘에이h the petrochemical market becoming stagnant due to the global economic recession and COVID-19, this is a case in which businesses autonomously worked together to respond to industrial crises, and by overcoming the lim카지노 엘에이ations of the two companies through mutual cooperation, we will continue to reinforce our business compet카지노 엘에이iveness.”