[Click eStock] "E&Cooper Secures Growth Engine through Domestic Production of Ultrapure Water"

Published 08 Dec.2021 11:55(KST)

[Asia Economy Reporter Hyungsoo Park] On the 8th, Yuhwa Securities analyzed that E&C Corporation has secured growth momentum through the localization of ultrapure water.

Researcher Seungjun Yoo of Yuhwa Securities explained, "Ultrapure water is important in semiconductor processes," and added, "The ultrapure water market is currently monopolized by Japanese companies."

He continued, "The government has decided to support 48 billion KRW to develop ultrapure water production technology and semiconductor wastewater recycling localization technology," and added, "Its subsidiary Hanseong Cleantec signed a business agreement with the Korea Environmental Industry & Technology Institute under the Ministry of Environment to develop ultrapure water localization technology."

He emphasized, "Hanseong Cleantec plans to develop ultrapure water production design infrastructure to achieve 100% localization rate in design and over 60% localization rate in construction technology by 2025," and added, "Hanseong Cleantec is the only company in Korea selected to lead the national ultrapure water project."

Researcher Yoo analyzed, "The acquired subsidiary will steadily grow its performance," and "Hanseong Cleantec's order volume increased by more than 30% compared to the previous year."

Additionally, he forecasted, "The order amount, which was around 100 billion KRW last year, reached about 130 billion KRW by October this year," and "The order backlog will grow even larger by the end of the year."

He also expected, "E&Water Solution will see stable sales growth supported by rising wastewater and waste treatment unit prices," and "Eclean Water, which had almost no sales until this year, will start generating sales in earnest from next year after completing facility investments."