홈
SKC Announces 2026 Organizational Restructuring and Annual Executive Appointments
l Streamlined
organizational structure to strengthen execution; new leaders appointed with proven
on-site operational and R&D expertisel SKC: “Restructuring to respond more agilely
to market conditions and reinforce fundamental competitiveness through
organizational transformation”
SKC announced its
2026 annual executive appointments aimed at reinforcing fundamental
competitiveness in its core businesses amid rapidly changing market conditions.
The appointments focus
on a strategic realignment of leadership to streamline the organizational
structure and strengthen execution. SKC also appointed new leaders with
extensive on-site experience and strong R&D capabilities.
As part of the
annual appointments, SKC appointed Park Dong-ju as Chief Financial Officer
(CFO) to accelerate efforts to enhance financial soundness and optimize the
business structure. Park, a finance specialist who led key financial strategies
at SK Inc., will focus on strengthening SKC’s business fundamentals.
The company has
strengthened leadership to drive momentum in the glass substrate business. SKC
appointed Kang Ji-ho as the new CEO of Absolics. Kang brings 15 years of
semiconductor technology and operations experience from Intel and, most
recently, led C&C (Cleaning & CMP) process technology at SK hynix. He
is expected to further enhance the competitiveness of the business.
Leadership integration
has also been reinforced to accelerate performance across core businesses. Kim
Jong-woo, President and CEO of SKC, will concurrently serve as CEO of SK Nexilis,
spearheading competitiveness in the battery materials segment. Park Dong-ju,
the newly appointed CFO of SKC, will also concurrently serve as CFO of SK Nexilis
to improve the efficiency of financial operations.
An SKC official
said, “With this organizational restructuring and executive appointments, we
have established a structure that enables us to respond more agilely to
evolving market conditions.” The official added, “We will continue our efforts
to strengthen our organizational foundation for sustainable growth.” [End]
[SKC Executive Appointments for 2026]
△ CEOs of
Subsidiaries
▲ Kim Jong-woo,
CEO, SK Nexilis (Concurrently President & CEO, SKC)
▲ Kang
Ji-ho, CEO, Absolics
▲ Chang
Ji-hyup, CEO, SK picglobal
△ New Appointment
▲ Park
Dong-ju, Chief Financial Officer (CFO), SKC
2025-12-08
SK Nexilis: Consecutive Key Rulings Strengthen Our Position in Ongoing Legal Disputes
l U.S. court opens trade-secret case; upon a
finding of misappropriation, it may enjoin manufacture, sale, and distribution
l PTAB denies all five of Solus Advanced
Materials’ IPR petitions and the rehearing requests
l Scope of alleged U.S. patent infringement
by Solus expands as the court accepts additional key issues for adjudication
l Korean Intellectual Property Trial and
Appeal Board invalidates four Solus patents; company declines to appeal
SKC’s affiliate in the copper foil business
for EV batteries, SK Nexilis, announced that its trade-secret lawsuit against
Solus Advanced Materials (“Solus”), filed in the U.S. District Court for the
Eastern District of Texas, was formally opened early last month. The company stated
that the court’s decision to proceed indicates that the case warrants full adjudication,
and that SK Nexilis will continue to respond proactively as the litigation
moves forward.
If misappropriation of trade secrets is found,
the court may issue injunctive relief enjoining the manufacture, sale, and
distribution of the products at issue. Where willful and malicious misconduct
is established, the U.S. Defend Trade Secrets Act (DTSA) permits enhanced
damages of up to three, times the compensatory amount.
Alongside the opening of the trade-secret
case, developments in the United States have trended favorably for SK Nexilis
regarding questions about Solus’s technological credibility. All five inter
partes review (IPR) petitions that Solus filed with the U.S. Patent Trial and
Appeal Board (PTAB) seeking to invalidate SK Nexilis’s patents were denied at
the pre-institution stage. Solus’s rehearing requests were also ultimately denied,
concluding the matter in SK Nexilis’s favor.
At the pretrial conference held in October,
additional key issues related to Solus’s alleged patent infringement were
highlighted. The court set all of SK Nexilis’s points for adjudication at
trial, including:
ㆍRebuttal to Solus’s claim of “independent
R&D,” alleging that former employees from SK Nexilis’s predecessor entity
were involved, raising concerns about potential technology misappropriation;
and
ㆍAllegations that Solus submitted
only selectively favorable samples as evidence
The court also ruled that Solus may not
rely at trial on technology-development claims predicated on patents held by
Circuit Foil Luxembourg (CFL), a subsidiary that Solus recently agreed to sell
to a Chinese company. SK Nexilis stated that this ruling meaningfully signals the
court’s willingness to question the reliability of Solus’s technical assertions
and the propriety of its evidentiary submissions.
Regarding the
U.S. court’s recent decision to admit CFL product samples into evidence, SK Nexilis
stated that the materials are not persuasive enough to establish patent invalidity
and are unlikely to affect the substantive outcome. The company had previously moved
to exclude the samples on the grounds that they were improperly submitted.
Developments in Korea have also continued
to favor SK Nexilis. The Korean Intellectual Property Trial and Appeal Board (KIPTAB)
invalidated four of the eight Solus patents that SK Nexilis challenged, and
Solus did not appeal, making the decisions final last month. Industry observers
view this as an indication that Solus may have concluded that maintaining its
defense for these patents would be difficult. Patent-infringement lawsuits in
Korea based on the invalidated patents are also expected to be dismissed.
The remaining four patents are still under
review at KIPTAB, and SK Nexilis believes the likelihood of invalidation is
high given the presence of prior art for all of them. Notably, two of these
patents were confirmed to have been acquired by Solus from a Japanese company
shortly before Solus filed suit.
An SK Nexilis spokesperson commented,
“Although the litigation is still ongoing, the results from various proceedings
in the United States and Korea show that Solus’s arguments are unlikely to gain
traction. We will continue to substantiate the facts and work to ensure that
our rights are properly protected throughout the remaining process.”
2025-12-03
SK picglobal Launches Cooling Fluid for AI Data Centers, First in Korea to Earn OCP Qualification
l Optimized for Direct-to-Chip Liquid Cooling (DLC), delivering
breakthrough performance over conventional air coolingl Earns OCP “Inspired” supplier qualification — first in Korea and second
worldwide — validating competitiveness and accelerating global expansion
l Formulated with SK picglobal’s flagship propylene glycol (PG), meeting
human safety standards and offering biodegradabilitySK picglobal,
an SKC-invested chemical business, has launched HTF (Heat Transfer Fluid) PG25,
an eco-friendly cooling fluid engineered for AI data centers. HTF PG25 is optimized
for Direct-to-Chip Liquid Cooling (DLC), which directly cools high-temperature
components such as GPUs and CPUs inside servers.
DLC,
the target application for HTF PG25, is emerging as a key technology for AI
data centers and can deliver up to 10× higher cooling efficiency than
conventional air cooling. As global IT leaders including NVIDIA adopt DLC as a
next-generation data center standard, the technology is gaining traction as an
essential solution for high-density servers.
Following its launch, HTF PG25 became the first in Korea — and only the
second worldwide among DLC cooling fluids—to earn the Open Compute Project (OCP)
“Inspired” supplier qualification. OCP is a global consortium that promotes
open collaboration across semiconductor silicon, servers, networking, and data-center
infrastructure. An increasing number of data-center operators now require OCP-qualified
solutions from their suppliers.
Environmental
performance is another key strength of HTF PG25. The product uses SK picglobal’s
high-purity propylene glycol (PG), a material widely validated for safe use. It
is formulated with propylene glycol that meets United States Pharmacopeia (USP)
specifications, supporting both human safety and biodegradability.
Building on
the launch, SK picglobal is accelerating its expansion into the AI data-center
cooling market. The company began commercial sales in Korea in October and
plans to broaden collaboration with data-center operators and solution
providers in Korea and overseas, delivering sustainable and cost-efficient
cooling solutions worldwide.
An SK
picglobal spokesperson said, “HTF PG25 will help improve energy efficiency in
data centers and reduce carbon emissions. With commercial sales underway in
Korean since October and our OCP “inspired” supplier qualification, we aim to
deliver trusted cooling solutions to customers in global markets.”[End]
2025-12-02
SKC Announces 2026 Organizational Restructuring and Annual Executive Appointments
l Streamlined
organizational structure to strengthen execution; new leaders appointed with proven
on-site operational and R&D expertisel SKC: “Restructuring to respond more agilely
to market conditions and reinforce fundamental competitiveness through
organizational transformation”
SKC announced its
2026 annual executive appointments aimed at reinforcing fundamental
competitiveness in its core businesses amid rapidly changing market conditions.
The appointments focus
on a strategic realignment of leadership to streamline the organizational
structure and strengthen execution. SKC also appointed new leaders with
extensive on-site experience and strong R&D capabilities.
As part of the
annual appointments, SKC appointed Park Dong-ju as Chief Financial Officer
(CFO) to accelerate efforts to enhance financial soundness and optimize the
business structure. Park, a finance specialist who led key financial strategies
at SK Inc., will focus on strengthening SKC’s business fundamentals.
The company has
strengthened leadership to drive momentum in the glass substrate business. SKC
appointed Kang Ji-ho as the new CEO of Absolics. Kang brings 15 years of
semiconductor technology and operations experience from Intel and, most
recently, led C&C (Cleaning & CMP) process technology at SK hynix. He
is expected to further enhance the competitiveness of the business.
Leadership integration
has also been reinforced to accelerate performance across core businesses. Kim
Jong-woo, President and CEO of SKC, will concurrently serve as CEO of SK Nexilis,
spearheading competitiveness in the battery materials segment. Park Dong-ju,
the newly appointed CFO of SKC, will also concurrently serve as CFO of SK Nexilis
to improve the efficiency of financial operations.
An SKC official
said, “With this organizational restructuring and executive appointments, we
have established a structure that enables us to respond more agilely to
evolving market conditions.” The official added, “We will continue our efforts
to strengthen our organizational foundation for sustainable growth.” [End]
[SKC Executive Appointments for 2026]
△ CEOs of
Subsidiaries
▲ Kim Jong-woo,
CEO, SK Nexilis (Concurrently President & CEO, SKC)
▲ Kang
Ji-ho, CEO, Absolics
▲ Chang
Ji-hyup, CEO, SK picglobal
△ New Appointment
▲ Park
Dong-ju, Chief Financial Officer (CFO), SKC
2025-12-01
SK Nexilis and Jeongeup City Sign MOU to Expand Environmental Education Initiatives
● SK Nexilis signs an environmental education MOU with Jeongeup City and five other organizations● Linked with My Green School, the program offers hands-on environmental learning for elementary students at Naejangsan National Park● Public-private-institution collaboration strengthens ESG efforts and aims to scale the Jeongeup model nationwideSK Nexilis, an SKC subsidiary specializing in copper foil for EV batteries, announced on the 19th that it has signed a memorandum of understanding with Jeongeup City to promote environmental education.The signing ceremony, held at the Jeongeup Indoor Gymnasium, was attended by SK Nexilis CEO Ryu Kwang-min, Jeongeup Mayor Lee Hak-soo, Jeongeup City Office of Education Superintendent Choi Yong-hoon, and Han Kyung-dong, Director of the Naejangsan National Park Office under Korea National Park Service, along with other key officials.The MOU outlines cooperation in key areas including the planning and operation of environmental education programs, sharing educational materials and experts, and establishing an educational network. The participating institutions will hold regular meetings to share updates, explore ways to enhance the initiative, and develop a Jeongeup-style environmental education model.The program will incorporate My Green School, SKC’s flagship social contribution initiative. My Green School offers education on proper waste sorting for elementary school students located near SKC operations. In May, the program offered an outdoor experiential class at Naejangsan National Park for students from Jeongeup Elementary School, combining a forest exploration activity with hands-on practice in sorting plastic waste.An SK Nexilis spokesperson said, “As a global battery materials company rooted in Jeongeup, we are committed to growing together with the local community and helping younger generations build stronger environmental awareness.” The spokesperson added, “Through this agreement, we will continue to strengthen local ESG efforts and help build a sustainable model for environmental education.”SKC is also expanding its social contribution initiatives this year. The company launched My Green Nature to support biodiversity conservation, carrying out ecological restoration activities near its sites in Seoul, Seongnam, Jeongeup, and Ulsan. It also introduced My Green Life, an environmental education program for employees and their families.
2025-11-24
SKC Announces Q3 Earnings: “Sustained Recovery, Visible Progress in New Businesses”
●EV battery materials: North America sales expand; Malaysia plant sales increase, boosting profitability●Test socket/equipment merger synergies materialize; glass substrate samples enter customer qualification process●Bolsters financial health via increased cash inflows; aims for an efficient capital structure centered on core businessesSKC announced on November 5 that it recorded consolidated revenue of KRW 506 billion and an operating loss of KRW 52.8 billion for the third quarter of 2025. Compared to the previous quarter, sales rose by 9 percent, while the operating loss improved by KRW 17.5 billion. The Company surpassed the 500-billion-KRW quarterly sales mark for the first time in two years, continuing a clear trend of sales growth and improved profitability.By business segment, the EV battery materials division posted sales of KRW 166.7 billion and an operating loss of KRW 35.0 billion. Sales to North America expanded significantly, resulting in a 31 percent quarter-over-quarter increase in revenue. In particular, sales of copper foil for LFP-based energy storage systems (ESS) applications grew sharply, driving overall sales growth. The Malaysian plant also steadily increased sales volume, contributing to improved profitability.The semiconductor materials business recorded KRW 64.5 billion in sales and operating profit of KRW 17.4 billion. Synergies from the merger of the test socket and equipment businesses began to materialize in earnest, driving the division to its highest-ever quarterly revenue. In particular, the test socket business achieved a quarterly operating margin of 33 percent, supported by strong sales of high value-added products for AI-driven non-memory applications.SKC's glass substrate business, which the Company aims to commercialize as a world first, has commenced the customer qualification process following the production of its first mass-production prototype samples at the Georgia plant. The prototypes achieved positive results in simulation tests, putting commercialization on track for next year.The chemical business posted sales of KRW 273.5 billion and an operating loss of KRW 7.4 billion. Backed by stable demand, the division maintained steady sales, while the operating loss narrowed significantly from the previous quarter due to stabilization in raw material costs. In the fourth quarter, demand for PG is expected to rise due to seasonal factors, and the Company plans to continue its cost-optimization efforts.Financial performance also showed notable progress. The Company significantly increased cash inflows through the issuance of perpetual bonds exchangeable into shares (EBs) and the sale of non-core semiconductor businesses, thereby accelerating efforts to strengthen its financial health. SKC plans to complete its rebalancing initiatives by year-end and establish an efficient capital structure centered on its core businesses.An SKC official said, “We are focusing on strengthening the competitiveness of each business and establishing a profitability-centered growth model”, adding, “Alongside continued efforts to generate results from new businesses such as glass substrates, we will also focus our efforts on strengthening medium- to long-term financial stability.” [End]
2025-11-05
SKC to Merge with SK enpulse, Restructuring Toward a High-Value Semiconductor Back-End Business
● Merger targeted for completion within the year; expanding investments in advanced materials and testing solutions for high-value semiconductor back-end processes● Approximately KRW 380 billion in cash and other assets from SK enpulse to be transferred to SKC, bolstering the company’s financial positionSKC Co., Ltd. (CEO Woncheol Park) announced that it will merge with SK enpulse, a semiconductor materials company in which it has invested, as part of its ongoing portfolio rebalancing strategy.The decision was approved at a board meeting held on October 14, and SKC aims to complete all merger procedures within this year.Through this merger, SKC will secure approximately KRW 380 billion in funds, including SK enpulse’s cash holdings and proceeds from recent business divestitures. The funds will be used to invest in high-value semiconductor back-end packaging and advanced materials businesses—including the commercialization of glass substrates—as well as to reduce debt and strengthen the company’s financial position.Since 2023, SKC has been actively promoting the rebalancing of its semiconductor materials business as part of its mid- to long-term portfolio restructuring strategy. The company has divested SK enpulse’s fine ceramics, wet chemical and cleaning, CMP pad, and blank mask businesses, while spinning off the back-end equipment division into a new company, I-Semi, and transferring it to ISC.As a result, SKC’s semiconductor materials portfolio is now centered on ISC’s test sockets and equipment, and the glass substrate business of Absolix (currently being commercialized in Georgia, USA). Building on these two pillars, SKC plans to enhance its competitiveness in high-value back-end processes and expand its presence in advanced semiconductor materials.An SKC official stated, “The divestiture of SK enpulse’s non-core businesses and the merger complete our transition toward a high-value, back-end-focused portfolio while also reinforcing our financial stability. We will leverage the secured funds to create new growth opportunities in the semiconductor back-end field.”
2025-10-16
SK Nexilis Expands Legal Action Against Solus, Highlighting Patent Competitiveness
l Filed a second amended complaint in the ongoing U.S. patent infringement lawsuit against Solus Advanced Materialsl Sought injunctive relief, including a sales ban, following findings that Solus products distributed in Europe infringed patentsl Korea Intellectual Property Trial and Appeal Board invalidated four patents held by Solus Advanced Materials SK Nexilis, SKC's subsidiary specializing in copper foil for EV batteries, announced on the 29th that it has added trade secret violation claims against Solus Advanced Materials in connection with the ongoing U.S. patent infringement injunction lawsuit.Earlier this month, SK Nexilis filed a second amended complaint in its ongoing patent infringement injunction case (Case No. 2:23-cv-00539) in the U.S. District Court for the Eastern District of Texas. In this latest filing, SK Nexilis asserted additional claims against Solus Advanced Materials and its affiliates, alleging violations of the federal Defend Trade Secrets Act (DTSA) and the Texas Uniform Trade Secrets Act (TUTSA).The amended complaint alleges that Solus Advanced Materials misappropriated and used trade secrets central to copper foil manufacturing processes, including additive recipes, electrolyte operating conditions, and drum management methods. These trade secrets represent core competitive strengths that SK Nexilis has developed through years of research and substantial investment.Accordingly, SK Nexilis has sought civil remedies, including an injunction to prohibit further use of its trade secrets, recovery of actual damages, restitution of unjust enrichment, and punitive damages. The company intends to thoroughly substantiate the relevant facts and damages through the judicial process.Shortly after filing the second amended complaint in the United States, SK Nexilis also initiated patent infringement litigation in Europe. The company determined that copper foil products sold in the European market by Solus Advanced Materials affiliates infringed its patent and accordingly filed two patent infringement injunction lawsuits with the Unified Patent Court (UPC).In this litigation, SK Nexilis is seeking a comprehensive injunction that would not only halt the manufacture, use, and sale of the infringing products, but also require the recall and destruction of products already distributed. The Unified Patent Court (UPC) has strong judicial authority, with the power to issue a single ruling effective across 17 member countries, including Germany and France, allowing for immediate remedial measures such as sales bans if patent infringement is established.In Korea, the validity of patents held by Solus Advanced Materials has also been reviewed by the Intellectual Property Trial and Appeal Board (IPTAB). On the 27th of this month, the IPTAB invalidated four patents owned by Solus Advanced Materials.Previously, one month after SK Nexilis filed its patent infringement lawsuit in the United States, Solus Advanced Materials initiated a countersuit in Korea, asserting six of its own patents against SK Nexilis. The recent invalidation ruling applies to four of those six patents, while the remaining two are still under review by the IPTAB.A representative of SK Nexilis stated, “We will do our utmost to clearly substantiate the facts in this litigation and ensure that our legitimate rights are protected. We also hope this case will serve as a reminder of the importance of safeguarding trade secrets, and that fair and ethical management will become the foundation for ensuring the sustainability of K-batteries in the global market.”Meanwhile, last year Solus Advanced Materials filed inter partes review (IPR) petitions with the U.S. Patent Trial and Appeal Board (PTAB) challenging five patents asserted by SK Nexilis. On July 2, all five petitions were ultimately dismissed, reaffirming the validity of SK Nexilis’ patents. [End]
2025-09-29
SK Nexilis: “Trade Secret Infringement Case Proceeds to Full Trial… Solus' Invalidity Claims Lack Sufficient Evidence”
● U.S. court orders full trial on trade secret infringement… to proceed separately from patent litigation with focused examination.● “Solus Advanced Materials' evidence amounts to mere one-sided assertions… lacks convincing proof for patent invalidation.”● Ongoing patent litigation in Europe could result in sales restrictions… while four patents have been invalidated in Korea.SK Nexilis, an SKC affiliate specializing in copper foil for EV batteries, announced on the 14th that the U.S. District Court for the Eastern District of Texas has decided to proceed with a full trial on its trade secret infringement claims against Solus Advanced Materials in the ongoing patent infringement lawsuit.The court’s decision follows an amended complaint filed by SK Nexilis last August, in which the company added claims against Solus Advanced Materials and its affiliates for violations of the Defend Trade Secrets Act (DTSA) and the Texas Uniform Trade Secrets Act (TUTSA). The complaint alleges that Solus misappropriated SK Nexilis’ trade secrets, including additive recipes, electrolyte operating conditions, and drum management methods—all core elements of the copper foil manufacturing process.The court accepted the amended complaint, allowing both the patent infringement and trade secret infringement claims to be addressed within the same case. However, given that the patent infringement case had already progressed significantly, the court decided to procedurally separate the two issues and conduct the proceedings accordingly. SK Nexilis views this approach as significant, as it could enable a faster determination on the patent infringement claims while allowing for an in-depth review of the trade secret allegations.SK Nexilis also emphasized that the court's recent acceptance of evidence submitted by Solus Advanced Materials aimed at proving patent invalidation is merely a procedural decision. The company stressed that this does not in any way recognize the credibility of the invalidation evidence or the likelihood of the patents being invalidated.SK Nexilis stated that the products submitted by Solus Advanced Materials as the basis for its invalidity claims cannot be verified in terms of their source or storage conditions, and that the results presented amount to nothing more than one-sided assertions with little persuasive power to prove patent invalidity. Moreover, the company highlighted that Solus' motion to dismiss SK Nexilis' infringement claims was denied by the court, demonstrating that these claims will be formally reviewed in the patent infringement proceedings..Meanwhile, SK Nexilis has also filed a patent infringement injunction lawsuit against a Solus Advanced Materials affiliate in Europe. A ruling by the Unified Patent Court (UPC) carries simultaneous effect across major European countries, including Germany and France. Should Solus Advanced Materials lose at the first instance, strong measures such as immediate sales and use bans, as well as inventory recall or destruction, could follow across these key European markets. A similar trend is unfolding in Korea. Of the eight patent infringement lawsuits filed by Solus Advanced Materials against SK Nexilis, four patents have already been ruled invalid. Notably, two of Solus' remaining four patents were recently acquired from a Japanese company before being used to initiate patent infringement injunction lawsuits. This approach—purchasing patents from a Japanese company to launch legal actions against a domestic competitor—is regrettable, as it appears to leverage Japanese intellectual property as a weapon against a fellow Korean company, rather than engaging in fair technological competition among domestic firms.An official at SK Nexilis stated, "For the healthy growth and advancement of the battery industry, acts of misappropriating others' rights must be prevented at all costs. This lawsuit also holds significance in safeguarding our technological edge in competition with Chinese companies." The official added, "If Solus Advanced Materials acknowledges its intellectual property infringement and cooperates in establishing a fair market order, the possibility of a settlement remains open.” [End]
2025-09-14
SK leaveo secures strategic investment from IFC to accelerate expansion of eco-friendly ecosystem
● Funds to be used for the completion and operation of reinforced polybutylene adipate terephthalate (PBAT) plant in Viet Nam● Project expected to strengthen global cooperation in circular economy and sustainable agriculture● IFC will also support implementation of Environmental and Social Management System SK leaveo, the biodegradable materials investment arm of SKC (CEO: Woncheol Park), has secured a strategic investment of USD 40 million (approximately KRW 55 billion) from the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, to finance the construction of its biodegradable plastics plant in Viet Nam. On 7th, SKC announced that SK leaveo and IFC signed a strategic investment agreement, marking the start of a partnership to expand its global eco-friendly ecosystem. This investment is based on global confidence in SK leaveo’s PBAT business capabilities and growth potential. The funds will be used to complete and operate the Viet Nam production facility, which is scheduled for completion in the third quarter of this year. SK leaveo plans to produce 70,000 tons of reinforced PBAT annually, aiming for commercialization in the first half of 2026. IFC and SK leaveo will also continue to explore further opportunities to collaborate in areas including sustainable agriculture and materials, among others. In addition, following completion of the construction of the PBAT plant, IFC will work closely with SK leaveo to implement an Environmental and Social Management System aligned with international standards and continue to enhance its capabilities for responding to global regulatory requirements.A representative from SK leaveo stated, “This investment from IFC is a global recognition of the growth potential of SK leaveo’s proprietary technology, as well as a beginning of aligning SKC’s sustainable business strategy with the international community,” adding, “SK leaveo will continue to drive eco-friendly innovation across technology, production, and partnerships.”A representative from IFC said: “We are delighted to support SKC’s expansion in the sustainable materials sector and contribute to the growth of the biodegradable materials market, which plays a vital role in reducing plastic waste. Through this investment, IFC aims to support the development of the sustainable materials industry in emerging markets, help diversify the global supply chain for sustainable materials, improve sustainable agricultural infrastructure, and create local jobs in Viet Nam.”
2025-08-07