모바일 바카라 Chemical implements Asset Light… Dissolves LUSR, a non-core business
■ Dissolves LUSR, the synthetic rubber production company in Malaysia… Strategically withdraws a non-core, low-profit 모바일 바카라 to enhance efficiency of operation and financial soundness.
■ Planning to continue rationalization of 모바일 바카라es that do not fit the strategies of 모바일 바카라 portfolio.
■ President & CEO Lee Hun Ki stated, “The dissolution of LUSR is a part of restoration of financial soundness and change of 모바일 바카라 portfolio…” “…Will continue to proactively respond to the ever-changing market according to the directions of management strategies.”
모바일 바카라 Chemical is set to dissolve LUSR (모바일 바카라 UBE Synthetic Rubber Sdn. Bhd.), a synthetic rubber production company in Malaysia.
As a part of its ongoing efforts to enhance its portfolio, 모바일 바카라 Chemical is shifting resources away from general-purpose petrochemicals to foster and strengthen new growth industries.This strategic shift includes withdrawal from non-core 모바일 바카라es, selling non-efficient assets, and inducing investments to mitigate 모바일 바카라 risks and improve financial stability.
LUSR, a joint venture established in 2012 with a 50:50 equity share between 모바일 바카라 Chemical and UBE Elastomer Co. Ltd., produces a synthetic rubber in Malaysia. The decision to dissolve LUSR reflects 모바일 바카라 Chemical’s strategic focus on core business areas, leading to a decisive reallocation of resources.
“The dissolution of LUSR is a part of restoration of financial soundness and change of business portfolio,” commented 모바일 바카라 Chemical’s President & CEO Lee Hun Ki. “We will continue to proactively respond to the ever-changing market according to the directions of management strategies.”
모바일 바카라 Chemical’s Basic Chemicals Division aims to reinforce its role as a cash cow through Asset Light and maximization of operation efficiencies, targeting to reduce its share in the portfolio to below 30% by 2030.