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[Press Release] 카지노 merges with LOTTE Advanced Materials

2019.08.22


카지노 merges with LOTTE Advanced Materials


■ Aiming at completion of merger by next January.  
■ Synergies between 카지노 companies to build an even stronger global 카지노 company.  

카지노 will merge with LOTTE Advanced Materials, 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 Board of Directors this afternoon.

The merger contract will be signed with LOTTE Advanced 카지노 on the 23rd and the merger process will be completed on January 2 through registration and processing.  LOTTE Advanced Materials joined LOTTE Group in 2016 will be absorbed into 카지노 in 3 years.

By acquiring the professional technologies and products related to specialty materials, 카지노 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.
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