[Featured Stock] Kolon Plastics Applies Thermoplastic Composite UAM... Develops Composite Materials with Hyundai Motor Company

[Asia Economy Reporter Hyungsoo Park] Kolon Plastics is showing strong performance. The news that the Kolon Group is targeting the overseas mobility market with advanced composite materials appears to have influenced the stock price.

As of 10:54 AM on the 4th, Kolon Plastics is trading at 15,800 KRW, up 23.44% from the previous day.

The Kolon Group announced that it will participate in 'JEC WORLD 2022,' the world's largest composite materials exhibition held at the Paris Nord Villepinte Exhibition Center in France from the 3rd to the 5th, showcasing various advanced composite material products in the future mobility sector and launching a global market offensive.

Kolon has actively conducted research and development from raw materials to intermediate goods and commercialization of final products through collaboration among group companies such as Kolon Industries, Kolon Glotech, Kolon Plastics, and Kolon Deck Composite to strengthen its composite materials business.

At the exhibition, Kolon will promote its composite materials business and hydrogen economy vision under the slogan "Material to Module," introducing various composite material solutions applicable to future mobility encompassing land, aviation, and space industries, and laying the groundwork for cooperation with global partners.

Kolon Plastics will introduce its thermoplastic composite product line, 'KompoGTe®.' KompoGTe® offers excellent moldability, is suitable for mass production, and has various functions such as lightweight and flame retardancy to be applied to electric vehicles and UAM. Additionally, composite material products jointly developed with Hyundai Motor Company and Donghee Precision will also be exhibited.

A Kolon Group official stated, "As the electric vehicle and hydrogen vehicle markets expand and the aerospace market grows, the paradigm will shift from conventional metal-centered products to lightweight products using special fiber composite materials," adding, "In line with this, we plan to expand the value chain through raw materials, intermediate goods, and composite material application parts business."

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