KP Chemical Mulls Merger with Honam Petrochemical

Feb 06, 2009

KP Chemical Co., a South Korean petrochemical company, said Wednesday it is considering a merger with Honam Petrochemical Corp., but a decision has yet to be made.

Honam Petrochemical, a unit of the South Korean family-run conglomerate Lotte Group, merged with Lotte Daesan Petrochemical Corp. in early January.

Honam Petrochemical took over Lotte Daesan Petrochemical and KP Chemical in 2003 and 2004, respectively.

Source: Trading Markets

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