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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Lotte Chemical Corporation    A011170   KR7011170008

LOTTE CHEMICAL CORPORATION

(A011170)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 01/15
301000 KRW   -4.75%
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Lotte Chemical : New Super Flex Surfaces from LOTTE Unleash Design Creativity

10/09/2020 | 03:01am EST

Super Flex technology from Staron delivers superior thermoplastic properties, enabling design of futuristic, functional surfaces ideally suited for creative uses in commercial, residential, and public-space projects. This flexibility provides designers and architects dynamically increased design options to create dramatic curves and never-before-attainable bending features.

La Palma, CA, October 09, 2020 --(PR.com)-- The design possibilities for countertops and surfaces have expanded exponentially with Super Flex technology from Staron®. Demonstrating superior thermoplastic properties, surfaces made with LOTTE’s innovative Super Flex technology enable design of futuristic, functional surfaces ideally suited for creative uses in commercial, residential and public-space projects.

Unlike other formable technologies, Super Flex delivers a superior elongation rate, with a minimum radius of 0mm. This provides designers and architects dynamically increased design flexibility to create dramatic curves and never-before-attainable bending features.

High-performance architectural and interior applications include customized wall-cladding, kitchen countertops, bathroom vanities, and furniture construction. Currently available in the Infinity shade of white, surfaces made with Super Flex technology can be fabricated with computer-controlled CNC machines to create precise 3D shapes. Like all Staron products, surfaces are easy to maintain and ultra-hygienic.

“Designers and architects seek more than extensive collections of rich colors and patterns. They also need the flexibility to form surfaces into creative shapes that high-end residential and commercial customers desire,” stated John Kim, director, LOTTE Chemical Corp. “Super Flex technology represents the cutting edge of formable surface creation, delivering both design flexibility and unparalleled performance.”

In addition to the new Super Flex surface, LOTTE also introduces Pharos for marine customers, delivering high aesthetics and superior fire retardant properties. Pharos is EU MED (Marine Equipment Directive) certified and listed as fire-protection equipment, in accordance with IMO (International Maritime Organization) regulations. Certification requires the passing of fire propagation, smoke density, and toxic gas tests, making Pharos safe for use as an interior material for marine vessels, functioning as countertops, wall cladding, and other surface applications.

About LOTTE Chemical Corporation
LOTTE Chemical Corp. manufactures and markets high-performance decorative surfacing materials for residential and commercial applications around the globe. Originally part of the Samsung family of companies, LOTTE Chemical Corp. is rapidly expanding its North American presence through the company’s solid-surface brand, Staron, a seamless and thermo-formable, acrylic product suitable for a wide range of commercial applications. The quartz surface brand, Radianz, is a premium engineered surface designed to be ultra-durable. The new Locelain® sintered-stone collection features a high-quality natural stone look and superb durability. Through cutting-edge technology and insights into worldwide market trends, LOTTE Chemical Corp. continues to excel in today’s surface industry.

Contact Information:
Purdie Rogers
Ray Vincenzo
206-290-4431
Contact via Email
https://www.staron.com/staron/us/main/main.do

Read the full story here: https://www.pr.com/press-release/822877

Press Release Distributed by PR.com

Copyright © 2020 PR.com and its licensors , source US Press Releases

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Financials
Sales 2020 12 322 B 11,2 B 11,2 B
Net income 2020 276 B 0,25 B 0,25 B
Net Debt 2020 958 B 0,87 B 0,87 B
P/E ratio 2020 37,3x
Yield 2020 1,18%
Capitalization 10 317 B 9 356 M 9 347 M
EV / Sales 2020 837x
EV / Sales 2021 700x
Nbr of Employees 2 435
Free-Float 65,1%
Chart LOTTE CHEMICAL CORPORATION
Duration : Period :
Lotte Chemical Corporation Technical Analysis Chart | A011170 | KR7011170008 | MarketScreener
Technical analysis trends LOTTE CHEMICAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 317 500,00 KRW
Last Close Price 301 000,00 KRW
Spread / Highest target 49,5%
Spread / Average Target 5,48%
Spread / Lowest Target -46,8%
EPS Revisions
Managers and Directors
NameTitle
Dong-Bin Shin Co-Chief Executive Officer & Director
Gyo-Hyeon Kim Co-Chief Executive Officer & Director
Byung-Yeon Lim Co-Chief Executive Officer & Director
Seung-Wook Seo Managing Director & Head-Global Operations
Gyeong-Bo Kang Senior Managing Director & Head-Research
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