[Edaily Reporter Park Jung-Soo ] #S&K POLYTEC CO., LTD. is set to expand its business portfolio by acquiring SUNJIN Co., Ltd., a company specializing in automotive electronic components for electric vehicles (EVs).

S&K POLYTEC CO., LTD. announced on the 29th that it is acquiring SUNJIN Co., Ltd. to secure a foundation for earnings growth and pursue business diversification. SUNJIN Co., Ltd., a partner of the HyundaiMotor Group, primarily manufactures busbars and terminals for electric vehicles. Busbars are key components that connect batteries and motors to transmit high-voltage current.
The company has maintained stable performance, driven by the growth of the electric vehicle market. Last year, its revenue reached 22.5 billion won, a 35.9% increase from the previous year.
With over 20 years of industry experience, SUNJIN Co., Ltd has secured a strong network of clients and a stable order base. The company possesses production efficiency and quality competitiveness based on its precision press processing technology, and last year, it completed a facility investment to expand production capacity by relocating and expanding its factory to Hwaseong, Gyeonggi Province.
S&K POLYTEC CO., LTD. plans to cultivate the automotive electronics components business as a new growth engine alongside its existing polyurethane foam business. The company anticipates synergies not only from its polyurethane foam business—which is used in automotive batteries and electronics components—but also from its subsidiary CAP’s wiper business.
S&K POLYTEC CO., LTD. official stated, “Through the acquisition of SUNJIN Co., Ltd., which offers both growth potential and stable profitability, we have secured a foundation for earnings growth.” The official added, “Based on the financial flexibility gained from the sale of an idle factory valued at 480억 원, we plan to continuously review investments to strengthen our competitiveness as well as additional mergers and acquisitions (M&A) of promising companies.” The official further noted, “We will do our utmost to enhance corporate value by strengthening our growth engines.”