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    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
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Hyundai Motor : South Korea's Hyundai-Lotte Chemical JV to start new petchem units by year-end

03/12/2021 | 04:55am EDT
A Hyundai Oilbank logo is seen at a gas station in Seoul

SEOUL (Reuters) - South Korea's Hyundai Oilbank said on Friday its joint-venture petrochemical project with Lotte Chemical will start operations by year-end.

The project in Daesan includes a steam cracker to break down heavy fuel oil which will be mechanically completed in the third quarter and commence commercial operations before the end of the year, a Hyundai Oilbank official told Reuters.

The companies embarked on the 2.7 trillion Korean won ($2.4 billion) project in May 2018 through joint venture company Hyundai Chemical, and have since increased its capacity.

The cracker can produce 850,000 tonnes per year (tpy) of ethylene, the official said. Other units will produce 850,000 tpy of polyethylene and 500,000 tpy of polypropylene, both of which are raw materials for plastics.

Hyundai Chemical currently operates a condensate splitter and mixed xylenes plant.

($1 = 1,136.68 Korean won)

(Reporting by Heekyong Yang; Writing by Florence Tan; Editing by Jan Harvey)

By Heekyong Yang


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR COMPANY -0.24% 208500 End-of-day quote.8.59%
LOTTE CHEMICAL CORPORATION -1.71% 258500 End-of-day quote.-6.34%
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Analyst Recommendations on HYUNDAI MOTOR COMPANY
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Financials
Sales 2021 118 731 B 101 B 101 B
Net income 2021 6 192 B 5,26 B 5,26 B
Net Debt 2021 70 598 B 60,0 B 60,0 B
P/E ratio 2021 8,44x
Yield 2021 1,90%
Capitalization 44 037 B 37 532 M 37 432 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,88x
Nbr of Employees 70 388
Free-Float 70,8%
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Technical analysis trends HYUNDAI MOTOR COMPANY
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 31
Last Close Price 208 500,00 KRW
Average target price 307 129,03 KRW
Spread / Average Target 47,3%
EPS Revisions
Managers and Directors
Eui-Sun Chung Vice Chairman & Co-Chief Executive Officer
Chang Jae-hoon Co-President & Co-Chief Executive Officer
Albert Biermann Co-President & Director
Eon-Tae Ha Co-President & Director
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
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