HD Hyundai, Lotte Chemical submit plan on restructuring petrochemical businesses
26/11/2025 02:32
SEOUL, Nov 26 (Reuters) - South Korea's HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wedneday. Lotte will spin off its business in Daesan city, South Korea, and merge it with HD Hyundai Chemical, in an effort to ease overcapacity at nathpha-cracking centres, the companies said. (Reporting by Heejin Kim Editing by Ed Davies) ((Heejin.Kim@thomsonreuters.com;))
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