Hansung Cleantec Secures 20 Billion KRW Investment from Eco-Friendly Fund

[Asia Economy Reporter Hyungsoo Park] Hansung Cleantec, a specialist in ultrapure water and water treatment, has successfully secured an investment of 20 billion KRW.

En Corporation announced on the 18th that its subsidiary Hansung Cleantec received a 20 billion KRW investment from an eco-friendly fund, with SK Ecoplant as a major investor.

A Hansung Cleantec official stated, "We received funding at a high corporate valuation in recognition of our technological competitiveness and future value," adding, "We are currently selecting a lead underwriter for the initial public offering (IPO)."

They continued, "Based on the domestically developed ultrapure water growth engine currently in preparation, we aim to go public within three years."

Hansung Cleantec recorded sales of 162.3 billion KRW last year, a 47% increase compared to the previous year. This year, the company targets sales exceeding 200 billion KRW.

Earlier this year, the company secured a 35.4 billion KRW water treatment system construction contract from SK Hynix. In June, it also took charge of a 22.9 billion KRW seawater desalination plant for Lotte Chemical Indonesia and a 7.6 billion KRW air conditioning facility for SKon’s Iv?ncsa plant in Hungary.

A company representative said, "Last year's total order volume was 185.5 billion KRW, the largest annual order record ever," and added, "This year, we expect to exceed the previous record with approximately 200 billion KRW in orders."

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