LG Chem's sales value by sector 2022
In 2022, LG Chem’s sales in the LG Energy Solution sector amounted to around 25.59 trillion South Korean won. This was almost half of the company’s total sales of around 51.86 trillion won. After the battery sector, the petrochemical sector accounted for around 40.7 percent of the total. In the first quarter of 2021, LG Chem’s petrochemical sales decreased due to the global coronavirus pandemic.
LG Chem Ltd.
Also known as LG Chemical, LG Chem is Korea’s largest chemical company and part of the LG Corporation, one of the largest Korean conglomerates. LG Chem is one of the leading chemical companies in the world by sales revenue. Like other Korean chemical companies, LG Chem relies heavily on petrochemical business, but it also operates in other sectors, notably the battery sector. Consumer cosmetics used to be among the company’s products, but now LG Household & Health Care is responsible for cosmetics and other consumer chemical products. LG Household & Health Care is also part of LG Corporation, and one of the largest companies in its sector.
LG Chem’s Batteries
The battery sector has seen steadily increasing sales revenue over the past five years, amounting to around 25.59 trillion won in 2022. LG’s batteries are used in smartphones and laptops (notebook computers), with larger automobile batteries supplying major automakers, and even energy storage systems (ESS). Over 65 percent of the 2021 battery sales came from sales outside Korea. LG Chem batteries are being installed in the electric cars of various automakers, such as Tesla.
LG Chem Ltd.
Also known as LG Chemical, LG Chem is Korea’s largest chemical company and part of the LG Corporation, one of the largest Korean conglomerates. LG Chem is one of the leading chemical companies in the world by sales revenue. Like other Korean chemical companies, LG Chem relies heavily on petrochemical business, but it also operates in other sectors, notably the battery sector. Consumer cosmetics used to be among the company’s products, but now LG Household & Health Care is responsible for cosmetics and other consumer chemical products. LG Household & Health Care is also part of LG Corporation, and one of the largest companies in its sector.
LG Chem’s Batteries
The battery sector has seen steadily increasing sales revenue over the past five years, amounting to around 25.59 trillion won in 2022. LG’s batteries are used in smartphones and laptops (notebook computers), with larger automobile batteries supplying major automakers, and even energy storage systems (ESS). Over 65 percent of the 2021 battery sales came from sales outside Korea. LG Chem batteries are being installed in the electric cars of various automakers, such as Tesla.
