LG Chem signs technology licence

Viken, Sweden - November 07, 2006

LG Chem belongs to the Korean Lucky Group (LG) – one of the world's leading corporations in chemicals, electronics and telecommunication with 120,000 employees in more than 120 countries.

LG Chem has entered into a licence agreement with Välinge Innovation AB.

LG Chem is a vertically integrated chemical company that manufactures a wide range of products from petrochemical goods to high value added plastics and high performances industrial materials. LG’s Industrial Material Business Unit will now launch a unique and HDF based floor covering product with a plastic based surface layer and a thin wood product utilising Välinge’s patented mechanical joining systems for floor boards.

Välinge welcomes the co-operation with a world leading company that values R&D, strives to provide innovative materials and solutions to the market and is concentrating its efforts on first class, high performance products.

For further information please contact:

Göran Dannborg
Vice President Sales and Marketing
E-mail:
Tel: +46-706 237001