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LG Chem to Build Manufacturing Facility in Gordon County

Tuesday, August 10, 2004  Contact: Office of Communications 404-651-7774


Plant Will Bring 70 New Jobs and $40 Million Investment to Northwest Georgia

ATLANTA , GA - Governor Sonny Perdue announced today that LG Chem Industrial Materials (LGCIM) will construct a 150,000-square-foot manufacturing facility in Gordon County , south of Calhoun.  LGCIM is a unit of one of the world's largest companies, the LG Group of Korea .  The new facility represents a $40 million investment and will create as many as 70 new jobs initially, with the potential for significant growth within five years.  

" Georgia is an attractive location for international investment and this new facility further strengthens our reputation as a world-class business environment," said Governor Sonny Perdue, who led negotiations with the company during a business mission to Korea last fall.  "This is a great win for Gordon County and the surrounding community."

" Gordon County 's business-friendly environment, easy access to the I-75 transportation corridor, and the welcoming spirit of this great community were primary factors in our decision.  LGCIM is looking forward to being an active and integral part of the northwest Georgia business community," said Mr. K.S. Park, president, Industrial Materials Company, LG Chem Ltd.  Mr. H.Y. Ro, president of LGCIM Georgia, will manage LG Chem's Georgia operations. 

The Georgia Department of Economic Development (GDEcD), in partnership with the Gordon County Chamber of Commerce, Development Authority of Gordon County, Gordon County Commission, and the Georgia Department of Transportation, worked jointly to bring LG Chem to Gordon County . 

"The team effort put forth by our community representatives, the state of Georgia and the Governor's office made this project possible," said Larry Roye, chairman of the Development Authority of Gordon County.  "I'm proud to welcome LG Chem to Northwest Georgia ."

To help the company continue to grow in Gordon County , GDEcD has recommended that the OneGeorgia Authority provide the community a OneGeorgia grant to assist with the development of the project.

"I have to thank Gordon County for making this project a success," said Craig Lesser, GDEcD commissioner.  "This partnership has been invaluable in working with LG Chem and building prosperity for the state."

LG Chem Industrial Materials is a division of LG Chem, which is a subsidiary of LG Group of Korea .  LG Group's annual revenues exceed seventy billion dollars.  LG Chem Ltd., with over five billion dollars in annual sales, is the leading chemical company in Korea in terms of both size and performance.  It is a vertically integrated chemical company that manufactures over five thousand products from petrochemical goods to high performance polymers and plastics , and high-value added industrial materials.  It also extends its chemical expertise to high-tech materials for electronics and information technology such as state-of-the-art lithium batteries and LCD and plasma display materials.