HD Hyundai Co., Ltd. (267250) and Lotte Chemical Corporation (011170) launched their merged petrochemical venture H&L Advanced. Dailian reported Friday that the business held its launch ceremony at the Daesan plant in Seosan.
The new company combines HD Hyundai Chemical and Lotte Daesan Petrochemical under the Daesan restructuring project. About 180 executives and employees attended the launch alongside joint chief executives Cho Nam-su and Chun Yang-sik.
The venture's name pairs HD Hyundai Chemical's initial with the initial of Lotte Chemical Corporation. The company's market capitalisation was ₩19 trillion at Friday's close.
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| Symbol | Last Price |
|---|---|
| 267250HD Hyundai Co., Ltd. | ₩240,500 +12.6% |
| 011170Lotte Chemical Corporation | ₩60,000 -1.6% |