Iljin Materials to change its name to Lotte Energy Materials
Ik-Hwan Kim
Feb 28, 2023 (Gmt+09:00)
Iljin Materials' plant in Malaysia(Courtesy of Iljin) Lotte Chemical Corp., a South Korean petrochemical giant, will rename Iljin Materials Co., the country’s second-largest copper foil maker, as Lotte Energy Materials after completing its acquisition.
Iljin Materials said on Monday that it proposed an agenda to change its name and articles of incorporation at an extraordinary shareholders meeting on Mar. 14. The company also plans to appoint several Lotte Chemical executives as directors at the meeting.
The company said in a conference call earlier this month that it expects Lotte Energy Materials to become a global leader in battery materials by leveraging Lotte Chemical’s technology and resources.