Plastics Industry News
繁體 | 简体
Technology
Applications
MAAG PUMP SYSTEMS AG
Main > Daily Market News > Article Content
| Print | Submit Article |
Last Page | More | Next Page
Keywords of this article:  Engineering Plastic 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
automotive 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
packaging 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
Future cars are energy-saving, eco-friendly and comfortable.
Future cars are energy-saving, eco-friendly and comfortable.
Photo: 12

Futuristic cars and Smart Life Solution at LG Chem’s booth caught the eyes of many visitors. It demonstrated how high value-added products, including eco-friendly, high-performance and lightweight ABS, engineering plastic (EP), super absorbent polymer (SAP), and eco-friendly synthetic rubber can be applied in everyday products like automotive components, home appliances, smart devices and leisure goods to improve the quality of life and cut costs. Visitors to the booth were also interested in LG Chem’s R&D, Technical Support, and Color Design Center.

“LG Chem's customers are mainly in the automotive, home appliance, packaging, and building materials industries. Among them, the automotive industry is an important industry in which we grow together with our customers. Currently, the country with the fastest growing automotive market is China, where LG Chem differentiates itself with these key features: lightweight, eco-friendly and sensible design,” said Ostine (O.D.) Son, President, Basic Materials & Chemicals Company of LG Chem.

He explained that lightweight cars benefit the environment by consuming less fuel and emit less exhaust. Energy is also saved by replacing automotive metal parts with high mechanical properties. By developing products that do not require painting, air pollution is greatly reduced.

Apart from functionality, a sensible comfort and design solution is vital. For example, Color Coordinators help implement the color that clients want; ABS and EP can reproduce the feeling of wood, stone and metal to cater to customers’ tastes. Furthermore, LG Chem’s world class technology in electric vehicle battery makes progress in leaps and bounds in electric cars.

China is driving the world’s auto market: China’s automotive industry is producing 95 million units in 2017 with an average annual growth rate of more than 2.1%. China has grown by more than 8% over the past two years, producing and purchasing 28 million units, or 30% of the global market. China is set to enjoy steady economic growth, increased disposable incomes, higher quality of life, and it is expected that China’s market growth potential will be higher in comparison to other regions.

“Partnerships between global automakers and Chinese automakers and Chinese local companies are steadily increasing. We are seeing the prominence of local Chinese automakers in recent years, and we believe that they will grow into leading companies in the near future. One thing for certain is that China will have high growth in the automotive market and we are prepared to work with local automobile makers in China to provide the best products and technologies they want,” he said.

Meanwhile, LG Chem has continued to maintain steady partnerships with automobile companies and tier companies in China and will continue to strengthen its partnership for mutual growth to expand the market. “Korea and China are geographically close to each other and LG Chem is proud to have contributed a lot to the growth of China since it started to produce PVC products in 1994,” he said.

Speaking about the company’s strategy, he said, “Since the global financial crisis in 2008, it has been very important to create a structure that can achieve its goals consistently in any environment. LG Chem reorganized its business structure to focus on high value-added products to create a sustainable growth base even in uncertain market conditions.”

He added that the company will continue to develop and invest in new advanced materials to become a Global Top 5 company that grows steadily in the market with differentiated materials and products.

Looking ahead, in order to become a leading company in the automotive parts and materials market, LG Chem will focus on product development and quality improvement desired by customers. In line with growing market demand, LG Chem will steadily invest in facilities and localize in order to increase our supply capacity.

In addition, SSBR for manufacturing eco-friendly tires, and SAP (Superabsorbent Polymer) are expected to grow in line with China's living standards and income growth. The company will continue to invest in research and development of high-tech future materials such as Super Engineering Plastics, CNT (Carbon Nano Tube) to build up its position as a global leader.

Booth: 6.2T01

Related Articles  
Amaplast brings together 170 Italian exhib...
Polyplastics’ new DURACON POM grade combin...
Macchi and Rieckermann establish regional ...
Kiefel to demo pressure forming machine fo...
A wealth of advanced technologies for hot ...
Polyplastics introduces latest resin produ...
Related Supplier
HOFFMANN MINERAL GMBH
KRAUSSMAFFEI BERSTORFF GMBH
震雄营销(深圳)有限公司
CHUAN LIH FA MACHINERY WORK...
震雄营销(深圳)有限公司
COPERION GMBH
We are collecting readers' comment for improving our website. If you are willing to help, please CLICK HERE to complete a survey. Your comments matter.
Write a mail to the editor
Copyright © Adsale Publishing Limited. Any party needs to reprint any part of the content should get the written approval from Adsale Publishing Ltd and quote the source "China Plastic & Rubber Journal (CPRJ)", Adsale Plastics Website - www.AdsaleCPRJ.com. We reserve the right to take legal action against any party who reprints any part of this article without acknowledgement. For enquiry, please contact Editorial Department.  [Want to use this report?]
Name
Company Name
Job title
Email (will not be published)
Comment
Recent Comment
Legal Statement | Privacy Policy
Remarks: Publication of the comments is at editor's discretion.
Register a New Member
艾尔发集团
富强鑫精密工业股份有限公司
莱斯特瑞兹机械(太仓)有限公司
裕克施乐塑料制品(太仓)有限公司
上海ABB工程有限公司
DAVIS-STANDARD, LLC
泰瑞机器股份有限公司
海天塑机集团有限公司
日钢注塑机維修(深圳)有限公司
东华机械有限公司
广东伊之密精密机械股份有限公司
信易电热机械股份有限公司
阿科玛(中国)投资有限公司上海分公司
HOSOKAWA ALPINE AG ABT. FVF
东莞市思为客自动化科技股份有限公司
COPERION GMBH
Pack conf
3C conf

Supplier Highlights
WITTE PUMPS & TECHNOLOGY GMBH