[New Year's Message] No Jaeseok, President of SKIET, "This Year’s IPO Success, A Year of Global Leap"

No Jae-seok, President of SKIET

[Asia Economy Reporter Park So-yeon] No Jae-seok, President of SK IE Technology (SKIET), regarded as the biggest IPO candidate in this year's market, stated in his New Year's address on the 13th that "this year will be a crucial year for SKIET to leap forward as a global top-tier company in information electronic materials."

President No conveyed three requests to the members preparing for a new leap both internally and externally, saying that the company will respond more actively to eco-friendly policies and the demands of stakeholders.

First, President No said, "We will stabilize the global production bases of lithium-ion battery separators (LiBS) early on in locations such as Silesia, Poland, and Changzhou, China, to establish an independent survival system, and secure major target customers for flexible cover windows (FCW) while building a stable production and supply system."

Currently, SKIET's year-end production capacity is 1.37 billion ㎥, and it is expected to reach 1.87 billion ㎥ by the end of 2023. Considering that the production volume was 360 million ㎥ at the beginning of last year, the company has secured nearly four times the production capacity in about three years.

Along with lithium-ion battery separators (LiBS), the additional growth engine mentioned by President No, flexible cover windows (FCW), have been in full-scale mass production since July last year. FCW is a highly anticipated business as it can be applied not only to displays like foldable phones but also to various industries such as mobility.

Additionally, President No expressed his commitment, saying, "We will successfully complete SKIET's IPO scheduled for this year to secure resources for global expansion and proceed with the planned establishment of production bases and growth strategies without any setbacks."

SKIET submitted its preliminary review application for listing on the Korea Exchange's KOSPI market on December 18 last year. Once the preliminary review is completed, substantive review, demand forecasting, and other procedures will follow, leading to the listing.

Furthermore, President No added, "In addition to an eco-friendly product portfolio, we will transform the production process to be more environmentally friendly and prepare to be recognized in the global market as a company that fulfills social obligations and responsibilities and practices transparent management."

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