Gangnam Jevisco Enters Electric Vehicle Battery Market by Establishing Joint Venture Company

Kim Jae-hyun, CEO of Gangnam Jebisco, and Choi Bong-gu, CEO of Shin A TNC (right), held a signing ceremony for the establishment of a joint venture at Gangnam Jebisco's Seoul office on the 12th of last month.

Mid-sized paint company Gangnam Jevisco announced on the 15th that it is entering the secondary battery materials business in collaboration with Shina T&C, a company possessing advanced electronic materials technology.

Gangnam Jevisco plans to establish a joint venture called 'KS Advanced Materials' based on its dispersion and mass production technologies and Shina T&C's carbon nanotube (CNT) and graphene dispersion technologies. They also plan to build a dedicated production plant for secondary battery conductive materials and electrode additives within Gangnam Jevisco's Haman factory located in Haman, Gyeongnam.

The conductive materials production plant, scheduled for completion by the end of this year, will secure an annual production capacity of 2,000 tons in the first phase, with plans to increase production capacity to 6,000 tons annually through additional facility investments.

The newly established joint venture will mass-produce cathode multi-walled carbon nanotube (MWCNT) slurry for secondary batteries, anode thin-walled carbon nanotube (TWCNT) and single-walled carbon nanotube (SWCNT) slurries, and SWCNT coating solutions for displays. To secure stable supply capabilities for the rapidly growing electric vehicle battery market, they have also secured a site for constructing a second plant within the Haman factory.

Meanwhile, Gangnam Jevisco and Shina T&C held a signing ceremony for the joint venture establishment and the inaugural board meeting at Gangnam Jevisco's Seoul office on the 12th of last month.

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