LG Chem Ltd.
LG Chem Ltd. (SEO:051910) is a manufacturer engaged in the provision of petrochemical goods, plastics, flooring and automobile parts. The Company operates three main segments: petrochemical segment, which provides basic chemicals, polyvinyl chloride products, plasticizers, octanol, butanol, polyethylene compounds, acrylic acids, performance polymers, engineering plastics, elastomers, conductive resins and other chemicals; industrial material segment, which produces residential flooring, commercial flooring, wall covering, surface and decorative materials, advertising banner sheets and automotive components, and information and electronic material segment, which produces batteries, display and optical materials, printed circuit materials and toners. The Company established a new subsidiary, LG Chem Industrial Materials Russia, LLC, engaged in manufacturing and sale of windows and floor materials, on December 25, 2008.
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Cobalt Blue (ASX:COB) (OTCMKTS:CBBHF) is proud to announce a strategic First Mover partnership with LG International, the resources investment arm of LG Corporation, acting in cooperation with LG Chem.
Broken Hill Prospecting Ltd (ASX:BPL) and Cobalt Blue Holdings Ltd (ASX:COB) today announced a major strategic partnership with LG International involving their Thackaringa Cobalt Project Joint Venture near Broken Hill, NSW.
US market was closed yesterday for public holiday. European shares gained on the back of higher commodity prices overnight. Asian markets ended mixed on Monday while traders are awaiting US corporate earnings. Japan's Nikkei 225 fell 1.2%, Hong Kong's Hang Seng Index dropped 0.9%, China's Shanghai Composite rose 0.4%, South Korea's Kospi gained 0.6% and Taiwan's Taiex slipped 0.2%.
Overnight US shares was lower on the disappointing Alcoa fourth-quarter report and profit warning from Chevron and Electronic Arts. Financial sector also fell as investors feared that a potential government levy might hurt bank profits.
Asian markets mostly edged higher on Thursday in the morning. Japan's Nikkei Stock Average fell below 9600 points level for the first time in about four months. Nikkei eased its early gains after a real estate company Tokyo Tatemono said it will issue new shares to raise up to 45.64 billion yen. The Korean market was up on Thursday led by gains in key technology companies.
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