This post was originally published on this site
“We are pursuing plans to sell our film business as part of our effort to strengthen our business competitiveness focusing on the three new growth engines, but no specific decisions have been made,” an LG spokesperson told Reuters.
LG Chem previously said the company is counting on its battery materials, sustainability business and innovative drugs to power its growth, which is expected to make up 57% of the company’s total sales in 2030.
In July, LG Chem said it was considering various ways of improving its competitiveness following media reports that it was seeking to sell its naphtha cracker in Yeosu.
