Lotte, Hyundai to Merge Some Petrochem Units to Fight Oversupply
Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities as South Korea’s top petrochemicals producers respond to a prolonged oversupply and weakening margins.
By Shinhye Kang, Nicholas Lua · Bloomberg Markets
Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities as South Korea’s top petrochemicals producers respond to a prolonged oversupply and weakening margins.