LG Chem’s brand value tops $3 billion, ranking fourth in global chemical scale

LG Chem’s brand value was estimated at $3.5 billion for this year, ranking fourth in the global chemical category. The South Korean chemical giant’s brand value was projected at $3.5 billion, up 4.8 percent from $3.33 billion in 2019, according to a report on top chemical companies for 2020 from British corporate valuation consultancy Brand Finance on Monday. LG Chem saw its brand value jump from $2.42 billion in 2018 to $3.33 billion last year in the Brand Finance’s chemical industry brand rankings. Its ranking this year stayed unchanged at fourth place in the category of the world`s most valuable chemicals brands. Despite the industry’s overall depression, LG Chem was able to maintain profitability in petrochemical business and growth in mainstay battery business, delivering record sales results last year.