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who owns lg polymers vizag
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
LG Polymers Visakhapatnam is owned by LG Chem, a leading South Korean chemical company. LG Chem, part of the larger LG Corporation conglomerate, acquired the Visakhapatnam plant in 1997. The facility specializes in producing polystyrene and expandable polystyrene used in various applications, from consumer goods to insulation materials. LG Polymers came into the spotlight in May 2020, following a tragic gas leak incident that raised concerns about safety measures and environmental regulations at chemical plants. The incident brought to light the importance of stringent safety protocols and has led to increased scrutiny of industrial operations, especially in the chemical sector. LG Chem has since committed to enhancing safety standards and working closely with local communities and authorities to prevent future incidents.
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