Aekyungchemical Co., Ltd. acquired 50% stake in Vina Plasticizers Chemical Company Limited from LG Chem, Ltd..
December 21, 2023
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Aekyungchemical Co., Ltd. (KOSE:A161000) acquired 50% stake in Vina Plasticizers Chemical Company Limited from LG Chem, Ltd. (KOSE:A051910) on December 22, 2023. VPCHEM had its name changed from LG VINA Chemical Company in October, 2021.
Aekyungchemical Co., Ltd. (KOSE:A161000) completed the acquisition of 50% stake in Vina Plasticizers Chemical Company Limited from LG Chem, Ltd. (KOSE:A051910) on December 22, 2023.
AekyungChemical Co Ltd formerly Aekyung Petrochemical Co Ltd is a Korea-based company mainly engaged in the petrochemical business. The Companyâs products portfolio consists of phthalic anhydrides, which are used as phthalate plasticizers, unsaturated polyester resins and dye intermediates; maleic anhydrides, which are used for unsaturated polyester resins for housing units and automobiles, fumaric acids for food and succinic acid; itaconic acids, which are produced through the fermentation of sugar millets or starches; plasticizers, which are organic ester compounds used for leathers, seats, polyvinyl chloride (PVC) films and electrical wires, and ester polyols. It also involves in the provision of alcohols and messaging services. The Company distributes its products within domestic market and to overseas markets.