E&Corporation and Hanseong Cleantec Merge... "K-Ultra Pure Water to Achieve 500 Billion KRW Sales by 2025"

EN Corporation announced on the 4th that it will absorb and merge its subsidiary Hanseong Cleantec. The surviving company will be EN Corporation, and the merged company, Hanseong Cleantec, will be dissolved. The merger date is set for October 10.

The merged company, Hanseong Cleantec, established in 1990, is a specialized company in ultrapure and industrial water treatment. In particular, since July 2021, it has been selected for the national project "Development of Domestic Plant Design and Construction Technology for High-Purity Industrial Water Production Process," completing the construction and commissioning of a demonstration plant capable of supplying 1,200 tons of ultrapure water per day in phase 1, and is actively supplying to the semiconductor wafer process at SK Siltron in Gumi.

Based on these achievements, last October, Hanseong Cleantec succeeded in winning an 83.6 billion KRW ultrapure water EPC project by competing with Japanese companies that monopolize the ultrapure water market.

EN Corporation has been working to improve its dual structure of content business and environmental business sectors, and starting with this Hanseong Cleantec merger, it plans to strengthen the competitiveness of its core business and enhance corporate value by achieving goals such as becoming the number one in industrial water treatment and technological independence in the ultrapure water market.

An EN Corporation official explained, "By integrating management resources, we will maximize management efficiency and enhance business competitiveness through synergy creation to maximize corporate value."

They also stated, "We will strengthen the inherent business capabilities of the environmental business through additional affiliate mergers and bolt-on strategies, prepare new growth engines to diversify business into materials, equipment, and infrastructure sectors, and secure mid- to long-term growth by fully realizing 500 billion KRW in sales as a comprehensive environmental energy company by 2025."

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