Hyundai and Lotte Launch H&L Advanced Through Daesan Integration
H&L Advanced, formed by integrating HD Hyundai Chemical and Lotte Daesan Petrochemical, has officially launched as the first petrochemical industry restructuring case in South Korea. The new firm says it will improve efficiency from raw-material procurement to production and optimize output to boost cost competitiveness. Over the medium to long term, it plans to grow specialty and eco-friendly products, shifting away from commodity-focused petrochemicals after beginning operations at its Daesan plant in Seosan on Sept. 4.