GS Caltex Corporation · Seoul South Korea
Company Description
Phone: +82-2-2005-6302
Fax: +82-2-567-5174
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This link will open in a new window GS Caltex (formerly LG-Caltex) operates the world's largest plant producing benzene, which is used in in the production of unleaded gas. Korea's #2 oil refiner after SK Group , the company (jointly owned by GS Holdings and Chevron ) has a refining capacity of 770,000 barrels of oil per day, and its aromatic plant can produce 2.8 million tons annually. It also operates 3,400 gas stations. GS Caltex operates a gas utility and is a major importer of liquefied natural gas (LNG). The company also has oil exploration, shipping, and electric power interests. GS Caltex was set up in 1967 as a joint venture of Lucky Ltd. (a predecessor of Korea's LG Group ) and Caltex . To read the full description, subscribe now.
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Key GS Caltex Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $34,424,216.0 |
| Employees | 3,113 |
GS Caltex Corporation Executives
1 executives listed for GS Caltex Corporation's Seoul, location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Dong-Soo Hur | Network |
Competition
Competitive Landscape for GS Caltex Corporation
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top GS Caltex Corporation Competitors
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