Solueta Absorbs Filter Science... "Targeting Antiviral Market and Strengthening Material Business"

[Asia Economy Reporter Hyunseok Yoo] Solueta, a KOSDAQ-listed company, is strengthening its materials business by merging its MB filter specialist subsidiary, Filter Science.

Solueta announced on the 20th that it will absorb and merge Filter Science, which it currently owns 100% of. The merger will be conducted as a small-scale merger, with the merger contract date on the 19th and the merger effective date set for October 25.

The company stated, "After this merger, Filter Science will be able to engage in more active sales activities and vigorous research and development," adding, "We will actively respond to the rapidly growing antiviral market due to COVID-19 and create synergy effects with Solueta's materials and components business to enhance corporate value."

Filter Science primarily produces water-cooled MB (Melt Blown) filters. MB filters are nonwoven fabric filters made by melting thermoplastic polymers and extruding them through nozzles, used in masks as well as automotive and household air purifiers, and air conditioner filters.

The company supplies MB filters to customers with quality competitiveness through domestic production and cost competitiveness from a fully automated production system. In particular, it is strengthening new material areas such as cabin filters for automobiles with a large market size, high-quality antiviral filters for home appliances, and medical fabrics.

Additionally, Solueta is researching ways to combine the antiviral materials developed using nanopowders in February with these filters. Solueta has also received test reports from Nelson Labs., a U.S.-based antiviral performance evaluation institution, confirming the performance test effects against Human Corona Virus 229E for this new material.

A Solueta official emphasized, "The merger with a promising materials company specialized in antiviral technology will strengthen the competitiveness of our materials business," and added, "We will leverage the technologies of both companies to gain an advantage in the rapidly growing market and apply them across various fields."

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