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[Press Release] LOTTE Chemical merges with LOTTE >95_word_end<

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LOTTE Chemical will merge with LOTTE >95_word_end<, which is a subsidiary for specialty materials possessing 100% of its shares.

This is an action taken to reinforce mid- to long-term portfolio of specialty products and to gather and develop core capacities for growth through R&D and investment. The resolution for the merger was accepted by the >167_word_end< this afternoon.

The merger contract will be signed with LOTTE >95_word_end< on the 23^rd and the merger process will be completed on January 2 through registration and processing. LOTTE >95_word_end< joined LOTTE Group in 2016 will be absorbed into LOTTE Chemical in 3 years.

By acquiring the professional technologies and products related to specialty materials, 슬롯 추천 Chemical will be able to satisfy customer needs more proactively with the raw materials and end products for greater competitiveness in the market. Also, cross-sale of compounding products for automobiles can increase profitability and integration of R&D and Purchasing will further reinforce efficiency.