A view of the LG Polymers plant building, where a gas leak occurred, in Visakhapatnam, Andhra Pradesh, India, May 7, 2020. — ANI video image via Reuters TV
A copy of the police complaint filed against the management of LG Chem's subsidiary LG Polymers, viewed by Reuters, cited several counts of negligence and culpable homicide. “LG Chem has asked the police to evacuate residents as a precautionary measure as there are concerns that tank temperatures would rise,” South Korea's biggest petrochemical maker said in a statement. “We are taking necessary measures, including putting water into the tank.”
LG Chem shares fell as much as 2.4 per cent in early trade today, before regaining some ground to be down 0.6 per cent against the broader South Korea market's 1 per cent gain. The stock lost nearly 2 per cent yesterday.
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