To Provide Customized Support to Local Clients
LG Chem recently signed an MOU with Wuxi City in Jiangsu Province, China, to establish a technology center.
Under this agreement, LG Chem will invest about 30 billion won to build the Huadong Tech Center in Wuxi City. The center is designed to provide technical support to local clients and develop new technologies. Wuxi City will actively support LG Chem by providing a site and infrastructure for the construction and operation of the center. Ground will be broken in the first half of 2021. The center will open around May 2022.
The Huadong Tech Center will have three floors above ground and a total floor space of about 10,000 square meters. The center will have pilot facilities that are as large as the mass-production facilities of the company’s clients. This is intended to provide customized support. About 9 billion won will be spent on the construction of these processing and advanced analysis facilities alone.
Moreover, technical support will be provided to clients by about 60 R&D engineers, who include product-specific teams for polyolefin (PO), acrylonitrile butadiene styrene (ABS), SAP (high-availability resin) and high performance materials (HPMs).
Wuxi City has an excellent business environment. It was selected as one of China's top 10 economic cities. The city is the best place for LG Chem to establish a client support center as it is close to many of the company’s clients. It is home to production bases of 80 of the world's top 500 companies. LG Chem's cathode material production subsidiary is also located in Wuxi City.