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According to reports, South Korea's LG Chemical Company decided to shut down its Lucel brand polyoxymethylene unit from this month. The closing device polyoxymethylene was 15,000 tons/year, which was mainly due to the increase in utility costs and plagued by high oil prices.
However, it is reported that LG Chemical will still guarantee the supply of polyoxymethylene compounds based on the Lucel brand. LG International can obtain polyoxymethylene from another Korean manufacturer to supply Kolon-brand polyoxymethylene.