Technology Transformation by SKC Changes the World.
Number of employees
- - Ranked as the world’s No.1 company in technology for the production of copper foil for batteries
- - Localization on high-end blank mask for semiconductors
- - The first Korean business to develop PET film
- - The world’s first business to commercialize an environmentally-friendly HPPO process
tons of copper foil
tons of PET
tons of PO
tons of PG
SKC’s technologies enhance the value of life with new changes.
- SKC to ‘Rise’ toward KRW 30 Trillion in Corporate Values by 2025 SKC announced its new plan at ‘SKC Investor Day’ to embark on new businesses such as anode secondary battery materials and high-tech semiconductor materialsBy 2025, SKC to rise as the world’s largest mobility materials company with corporate values more than five times as big as they are now SKC (CEO Lee Wan-jae) will complete its business transformation, centered on mobility materials such as rechargeable batteries and semiconductors, and rise as a global mobility materials company by 2025. To that end, SKC has embarked on new materials businesses, such as next-generation anode materials and cathode materials for secondary batteries, and the world's first high-performance computing glass substrate. At the ‘SKC Investor Day’ held on the September 24th, SKC’s chief executive Lee Wan-jae made a presentation entitled ‘Promises and Deep Change’ as its Financial Story intended to share the company’s growth strategies for the next five years, in which the CEO declared that SKC will ‘rise’ as the world’s No. 1 mobility materials company with corporate values of KRW 30 trillion by 2025 and that to that end, the company will shift the focus of its business structure to mobility materials from which to create more than 80% of its corporate profits by the target year. The key to boosting SKC’s corporate values is rechargeable battery materials. In the copper foil business, which has emerged as one of its new growth engines, SKC has decided to increase its total output to 250,000 tons a year by aggressively expanding its overseas facilities to roll out 50,000 tons in Malaysia, 100,000 tons in Europe, and 50,000 tons in the US. SKC estimates that it will become a dominant player in the sector with its global market share of at least 35% by 2025. The findings of a market research institute indicate that as of the first quarter of 2021, SK nexilis is the global leader with a market share of 22% demonstrating an upward trend. In addition, SKC will expand into the new materials business that can significantly improve the performance of secondary batteries, such as silicon anode materials and high nickel cathode materials. It will also join forces with those with global top-level silicon technology to secure anode materials technology and develop it into one of its core businesses. SKC is planning to promote the commercialization of cathode materials in cooperation with global companies. SKC’s goal is to expand its sales of secondary batteries including copper foil to KRW 4 trillion, or 10 times as large as its current sales, by 2025. SKC expands its semiconductor materials business, one of the two pillars of its mobility materials business, to new high-tech products. On top of to its full-fledged CMP pad and blank mask business, the company is going to promote the world's first glass substrate for high-performance computing as one of its new growth engines, with the expectation that its total sales in semiconductor materials business will grow to more than KRW 2 trillion by 2025. When SKC’s glass substrate is applied instead of conventional plastic, the thickness of semiconductor package along with the associated power consumption is reduced by more than half while data throughput dramatically rises. The required area for a data center is reduced to a mere 20% of the current requirement. SKC has been developing new products in the area together with 70 partner companies since 2018 and as a result, has acquired prototype certification from a global semiconductor manufacturer. The company is now promoting the commercialization of the products with global semiconductor equipment companies and major clients. SKC will also expand the breadth of its eco-friendly materials business, in which it boasts outstanding competitiveness: It will upgrade the existing film and chemical businesses with a focus on ESG; In chemical business, it will expand high value-added PG and bio-polyol made from eco-friendly PO whereas in the film business it will focus on the production of eco-friendly, sophisticated IT materials; In order to build an ecosystem of new biodegradable materials, SKC will remarkably enhance its biodegradable materials technology for PLA and PBAT through combination with Limex technology; and the company is aimed at achieving KRW 3 trillion in sales by 2025 in the business. To finance its ‘RISE,’ SKC will deploy both strategic financing including joint ventures and policy loans and self-procurement including increased internal cash generation. The company has also published guidelines advocating the protection of the interest of its shareholders including shareholders while maintaining at least the current level of its financial stability. CEO Lee Wan-jae said, “SKC pledged to ‘Get Out of the Well’ in 2016. We have since pushed for Deep Change akin to metamorphosis,” adding “With the goal of rising as a ‘major global materials solution marketer,’ SKC will strive to boost its customer value while seeking to contribute to changing the world through the realization of sustainable values together with its stakeholders worldwide.” 2021.09.24