[Edaily Reporter Kwon Oh Seok ] NUVOTEC Co., Ltd(060260)’s stock price is surging in early trading. Buying interest appears to be rising on news that the company has been selected as a contractor for SK hynix’s resource recycling project for used pharmaceutical containers.

According to MP Doctor on the 30th, NUVOTEC Co., Ltd’s stock is trading at 1,767 won as of 9:29 a.m., up 11.13% from the previous trading day.
Earlier today, the company issued a press release stating, “Under this contract, NUVOTEC Co., Ltd will be responsible for the collection, transportation, and recycling of waste containers used in advanced processes—such as spent acids and alkalis—generated at SK hynix’s Icheon and Cheongju facilities, as well as at the Yongin semiconductor mega-cluster to be established in the future.”
The secured volume is scheduled to be processed through advanced resource recycling processes at NUVOTEC Co., Ltd’s Munmak plant and is expected to contribute to strengthening the company’s medium- to long-term revenue and profit base, in line with the trend toward expanded semiconductor production. The company explained that this contract win demonstrates its transition from a simple waste disposal provider to a high-value-added, eco-friendly circular economy solutions provider.
NUVOTEC Co., Ltd., a company that possesses four of the nation’s leading new technologies in the fields of water and sewage infrastructure expansion and pipeline reinforcement and rehabilitation, plans to expand synergies with its designated waste licensing business based on its accumulated field experience and infrastructure operation capabilities.