Lotte Fine Chemicals said Thursday that it recorded revenue of 525.3 billion won and an operating profit of 22 billion won on a consolidated basis in the third quarter of this year.
Revenue increased by 18.5% compared to the same period last year. This was driven by rising international ammonia prices and increased sales from the expanded production capacity of semiconductor material TMAC (tetramethylammonium chloride aqueous solution). TMAC is a key raw material for tetramethylammonium hydroxide (TMAH) and is used in circuit development processes for semiconductors and displays.
However, operating profit decreased by 20.3% as the price of ECH (epichlorohydrin), a key raw material for epoxy resins, which are major chlorine-based products, rose.
Lotte Fine Chemicals is continuing investments to strengthen its competitiveness in the specialty business. In July last year, the company announced an investment of 13 billion won to expand semiconductor material TMAC production capacity in response to growing demand in the semiconductor market.
Through this expansion, it plans to increase its current world-leading TMAC production capacity by approximately 16% by 2028, expanding annual output to 64,000 tons.
Sales of production from the expanded food and pharmaceutical-grade cellulose plant, which began full-scale operations in the first half of this year, are also steadily increasing.
The company is also expanding its clean ammonia business to secure future growth drivers. Aiming to leap into an "Asian Clean Ammonia Hub," Lotte Fine Chemicals is using an ammonia transport vessel acquired in 2024 to expand re-export volumes.
On the 8th last year, it signed a contract, the first of its kind domestically, to supply green ammonia for power generation to the Pohang distributed ammonia power plant operated by Amun Energy (a joint venture between GS Construction and Amoji). Additionally, in April last year, it commercialized green ammonia bunkering for the first time in the world, and on the 25th last year, it successfully conducted bunkering operations for the world's largest ammonia-powered vessel.
Jung Seung-won, CEO of Lotte Fine Chemicals, said, "Revenue increased in the third quarter, driven by expanded sales of our semiconductor material TMAC business, among other factors." He added, "Going forward, we will continue to increase the share of our specialty business and secure future growth drivers through investments in TMAC expansion and the expansion of our clean ammonia business."
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