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[Press Release] LOTTE Chemical expands global production of engineered stone.

2021.01.11

Lotte Chemical expands global production of engineered stone.

 
█ Invested about 30 billion KRW in Belenco, the production base in Turkey… to add one more production line.
█ Targeting the global market by producing 440,000 pieces a year in Yeosu, Korea and at the overseas production base.
“We will grow into an engineered stone supplier that actively responds to customer needs by expanding production bases and strengthening products,” said Director Young Joon Lee of Advanced Material Division.


 <Construction with Lotte Chemical’ engineered stone model, 'Marquenarabana'.>
   
LOTTE Chemical has added a production line at Belenco Factory in Turkey that manufactures engineered stone for artificial marbles. About 30 billion KRW has been invested to complete Line 3 for 120,000 pieces a year to begin commercial production from the end of January.  

Artificial marbles are interior and exterior finish materials widely used for kitchens and bathrooms and on the exterior of buildings.  These premium materials ensure durability, strength, sanitation, and a variety of colors.

Belenco, which was acquired by Lotte Chemical’s Advanced Material Division (previously Lotte Advanced Materials) in 2019, has No. 1 market share in engineered stones in Turkey with two lines for the manufacture of 230,000 pieces a year.  With the latest addition, it can produce up to 350,000 pieces a year.

LOTTE Chemical, with the expanded production at Belenco, an overseas production base for engineered stone, is planning to target the fast-growing interior finish market in North America and Europe based on stable cost-effectiveness.

The Yeosu Factory in Korea that can product 90,000 pieces a year will focus on producing high value added products by actively developing distinct engineered stone products.

LOTTE Chemical can now produce 440,000 pieces of engineered stone a year at the Yeosu Factory in Korea (1 line for 90,000 pieces a year) and the Turkey Factory (3 lines for 350,000 pieces a year).  The specialized production lines in Korea and Turkey make it possible to provide customers with a greater variety of production.

“We will actively target the global architecture and interior finish market with technologies for aesthetics and functionality and addition of premium products,” said Director Young Joon Lee of Advanced Material Division.  “We will grow into an engineered stone supplier that actively responds to customer needs by expanding production bases and strengthening products.”

 
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