US EditionLotte Chemical Adjusts Strategy, Exiting POE Amidst Chinese Price Wars
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Lotte Chemical Adjusts Strategy, Exiting POE Amidst Chinese Price Wars
View of Lotte Chemical’s Yeosu Plant. (Photo provided by Lotte Chemical) Lotte Chemical has officially withdrawn from the Polyolefin Elastomer (POE) business, marking a strategic shift for the South Korean petrochemical giant. This decision comes in response to a slump in demand and fierce price competition from Chinese companies, such as Wanhua Chemical and Sinopec, which have aggressively expanded their presence in the global POE market over t…
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