2nd Battery Equipment Manufacturer 'Apro'... "Leap to Become a Leading Future Energy Company"

Lim Jong-hyun, CEO of APRO, is explaining about the company at the IPO press conference held on the afternoon of the 3rd at Hanwha Financial Center, Yeouido, Yeongdeungpo, Seoul.

[Asia Economy Reporter Geum Bo-ryeong] Apro, which is about to enter the KOSDAQ market, expressed confidence in its leap forward as a leading future energy company.

On the 3rd, Apro, a secondary battery equipment manufacturing company, held an initial public offering (IPO) press conference at Hanwha Financial Center in Yeouido, Yeongdeungpo, Seoul.

Founded in 2000, Apro focuses on manufacturing activation process equipment, which is considered the core of secondary batteries. The activation process involves charging and discharging the assembled battery with a small electric current so that the cathode and anode can acquire electrical properties. Through this process, the characteristics of the secondary battery are imparted, and its performance is determined.

Apro has a diverse portfolio. Based on power conversion and circuit technology, it covers the entire secondary battery activation process, including charging and discharging equipment and various inspection devices. The high-temperature high-pressure charging and discharging device is a product that maximizes charging and discharging efficiency by applying high temperature and pressure to the secondary battery, and it is the first of its kind developed and applied to mass production lines in Korea.

As a new business, Apro plans to develop next-generation compound power semiconductor devices. CEO Lim Jong-hyun explained, "If the power semiconductor device becomes high-performance, the power converter nozzle can be made smaller," adding, "Ultimately, the entire equipment can be made smaller, providing competitiveness to our clients." Additionally, Apro is promoting a battery recycling business utilizing battery diagnostic technology.

Apro has shown steady growth. Last year, it recorded sales of 67.4 billion KRW. The average annual sales growth rate over the past three years is as high as 73.8%. Operating profit also reached 10 billion KRW, an increase of 44.2% compared to 2018.

CEO Lim said, "Apro is a company with secured core source technology and stable trading relationships with excellent clients, and it is expected to benefit from the growing global demand for secondary batteries," adding, "We will do our best to lead the secondary battery market and advance as a future energy solution company."

Apro's expected public offering price is between 19,000 and 21,600 KRW. The number of shares to be offered is 1,367,917. Based on the lower end of the offering price, the public offering amount is approximately 26 billion KRW, some of which will be used for constructing a research center. After demand forecasting until this day, the public subscription will be conducted on the 8th and 9th. Apro is scheduled to be listed on the KOSDAQ on the 16th.

This content was produced with the assistance of AI translation services.