LG Polymers India Pvt. Ltd. (LGPI), which was in the eye of a storm following the styrene gas leak at its plant in Visakhapatnam city that killed at least 12 persons in May 2020, is likely to begin production at its new plant in Sri City in March 2024 upon relocation from its existing premises with the High Court’s permission.
The court allowed the interlocutory application filed by the South Korean company for shifting to Sri City on December 7 on the basis of a recommendation by the State government’s high-powered committee to let LGPI to vacate its entire 213-acre project site at RR Venkatapuram in Pendurthi Mandal of Visakhapatnam and utilise that land for promoting white/green category industries and to shift its Engineering Plastic Compounds (EPC) manufacturing activity to an alternative location.
The shifting was in pursuance of a representation made by Seoul-based LG Chem Ltd. (which owns LGPI) to the State government through the Consul General of South Korea to amicably resolve the stalemate caused by the gas leak incident.
