LG Chem is applauded for the best sales record of 2009 and is now being recognized as robust information and technology based company. What is conspicuous about last year's sales is that LG Chem has outpaced Japanese global corporations such as Nitto Denko Corporation and JSR, especially for materials.
According to Korea's stock market, LG Chem made sales of KRW15 trillion and KRW2.3 trillion revenue. There is a huge leap in the company's revenue and the ratio of operating gain to revenue marks the highest jump of 15.3 percent. It became, for LG Chem, that outrunning Japanese giants is no longer out of reach.
Sumitomo Chemicals, alone, went beyond sales in LG Chem by raising KRW19 trillion, but other companies like JSR and Nitto Denko have lagged behind. Simply probing into information material, LG Chem's sales increased by more than 90 percent compared to last year and turned over KRW5 trillion. Thus, it outran JSR and is now closing the gap with Nitto Denko.
On the other hand, Sumitomo's optic film materials' sales have dropped sharply. LG Chem's operating gain to revenue marked 15.3 percent but other Japanese companies have dwindled almost to the bottom, due to economic recession and pressure on Japanese Yen. By this tide, LG Chem made 14 percent revenue in electric material part, leaving Japanese corporations far behind the line. What is even more striking is that LG Chem's polarizing plate topped the global market and the next runner is its secondary cell that is on the third of the list, which is above Sony.
