[Edaily Reporter Lee Hye-ra] #Koiz announced on the 11th that it has reorganized its business portfolio with a focus on advanced materials and resource recycling. Koiz CI. (Photo = Koiz) Koiz plans to commercialize its nano-metal oxide-based advanced materials business and fully launch its new high-value-added resource recycling business. Koiz has secured a lineup of nano-metal oxide materials through its business in additive materials for secondary battery cathodes. These materials are key components that enhance battery life and stability. The company explained that, as it is currently in supply discussions with domestic and international battery companies, tangible results are expected this year. With demand for high-performance cathode materials continuing to rise due to the growth of the energy storage system (ESS) and electric vehicle markets, the company also plans to focus on securing new clients. The company is also entering the high-value resource recycling business based on its recent acquisition of E-Kyung E&C. The company aims to combine Lee Kyung E&C’s capabilities in treating industrial wastewater from high-tech industries—such as semiconductors, biotechnology, and fine chemicals—with Koiz’s expertise in chemical control and high-purity purification processes for nano-metal oxides. The plan is to establish a resource recycling business model that efficiently recovers valuable metals from industrial wastewater and refines and supplies them as high-purity materials. This restructuring is a strategic move to break away from a concentrated revenue structure and improve profitability through high-value-added businesses. Meanwhile, the company’s existing display optical film business has seen profitability decline due to intensifying global competition. Additionally, changes in the existing transaction structure have occurred as major clients have transferred or sold their related business units to Chinese companies. Koiz has established a direct trading system with Chinese firms and implemented structural reforms, including the consolidation of subsidiaries and the reduction of fixed costs. The company has optimized its profitability structure to ensure it can reach the break-even point (BEP) once it achieves the target volume set in its business plan. A company official stated, “As we finalize the restructuring of our existing business, we plan to expand our operations centered on two growth engines: advanced materials and resource recycling.” The official added, “We will focus on securing tangible growth momentum through the commercialization of our advanced materials business for secondary batteries and the early stabilization of our resource recycling business, with the aim of enhancing corporate value and shareholder value.”
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