Lotte Fine Chemicals, which is doing well amid a slump in chemical-related companies, is on the rise in caustic soda prices (Korea)

The average price of caustic soda in November was $459 (approximately 68,732 yen) per ton, up 10.6% from the previous month and 28.1% from the previous year.
The price of caustic soda is also rising. Demand for caustic soda is expected to increase in the future along with the growth of the markets for automotive batteries and semiconductors.
In response to this situation, Lotte Fine Chemicals said that all of the chemical-related companies in the Lotte Group
Lotte Fine Chemicals is doing well, posting profits along with advanced materials-related companies after previously posting losses. Caustic soda sales currently account for around 10% of Lotte Fine Chemicals' total sales.
Sales of Lotte Fine Chemicals reached 42 billion won (approximately 4.51295 billion yen), up from the previous quarter. In connection with this, Lotte Fine Chemicals has been expanding its cellulose production lines since 2018. Currently,
The company is currently expanding its pharmaceutical cellulose plant at a cost of 79 billion won (approximately 8.488 billion yen) by the April-June quarter of 2025. After the expansion, annual production capacity will increase from the current 3,900 tons to 10,000 tons.
This will increase the company's sales to 1.1 billion yen, making it the world's top pharmaceutical cellulose manufacturer in the cellulose field. Prior to this, in October, the company acquired Color Pharmaceuticals, the world's number one pharmaceutical cellulose distributor.
The company had signed a distribution contract with Kong worth 1 trillion won (approximately 107.4514 billion yen).