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Home > Company Index > Energy > Oil & Gas Refining & Marketing > LG-Caltex Oil Corporation

LG-Caltex Oil Corporation
 PROFILE
With South Korea recovering from its economic woes, LG-Caltex Oil hopes to get lucky again. LG-Caltex was set up in 1967 as a joint venture of Korean firm Lucky Ltd. and Caltex, the Texaco-Chevron joint venture. Korea's #2 oil refiner (after SK Corp.), it operates the world's largest plant producing benzene (used in unleaded gas). LG-Caltex has a crude oil refining capacity of 650,000 barrels of oil per day, and its aromatic plant has the capacity to produce a million tons annually. Subsidiary Hoyu Tanker transports crude oil, while affiliate LG-Caltex Gas distributes liquid petroleum gas products. The company has teamed up with Texaco to establish a power generation joint venture, LG Power.

 COMPETITION
Daewoo International Corporation (dossier)
Hyundai Group (dossier)
SK Corp. (KR7003600004)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 13,398.00
1-Yr. Sales Growth: 25.8%
Employees: 2,593
Revenue per employee: $5,166,988.04

 KEY PEOPLE
• Dong-Soo Hur
    CEO
• W. B. Rha
    CFO

 CONTACT INFO
LG Twin Towers, 20 Yoido-dong, Youngdeungpo-ku
Seoul, South Korea
Phone: 82-2-3777-1114
Fax: 82-2-569-5195
Online: Web Site

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