DS Danseok, Files Securities Registration Statement... "KOSPI Listing Process in Full Swing"

Global resource circulation leading company DS Danseok announced on the 17th that it submitted a securities registration statement to the Financial Services Commission on the 16th and has entered the full-scale process for listing on the Korea Composite Stock Price Index (KOSPI).

DS Danseok plans to offer 1.22 million shares in this public offering. The expected offering price ranges from 79,000 to 89,000 KRW, with a total offering amount of 96.4 billion to 108.6 billion KRW. Demand forecasting will be conducted over five days from December 5 to 11, followed by general subscription on December 14 and 15, aiming for a listing within the year. The lead underwriters for the listing are KB Securities and NH Investment & Securities.

Founded in 1965 as Nobel Chemical Industry, DS Danseok operates in bioenergy, battery recycling, and plastic recycling businesses. In 1984, DS Danseok began its leap toward full-scale growth with the development and manufacturing of PVC stabilizers. Currently, it dominates the global PVC stabilizer market in Southeast Asia, the Middle East, Africa, Russia, and China, while securing productivity through the largest domestic production capacity and automated production facilities.

Not stopping there, DS Danseok has accelerated its higher growth by entering the resource circulation business that aligns with the global carbon neutrality trend and sustainable growth.

As the first step in the resource circulation business, DS Danseok officially entered bioenergy in 2007, starting the development and manufacturing of biodiesel and bio-heavy oil. Among the main products in this business, biodiesel is an eco-friendly renewable transportation fuel synthesized from waste cooking oil and vegetable oil, exhibiting fuel performance similar to conventional diesel. Since entering the business, DS Danseok has consistently maintained the number one export market share in biodiesel since 2017, holding a 71% export market share domestically in 2022, continuing steady sales growth.

DS Danseok sells more than 50% of the biodiesel it produces to major refineries in the United States and Europe at an average monthly volume of about 10,000 tons, securing a stable export market, and plans to lead higher growth by entering the bio-aviation fuel market.

Additionally, in May, DS Danseok officially entered the secondary battery business with the groundbreaking of the LIB recycling plant. The LIB recycling plant is being expanded within DS Danseok’s major production base, Gunsan Plant 1, and is expected to process approximately 8,000 tons of waste lithium-ion batteries annually.

Based on its diversified business portfolio, DS Danseok’s sales have also been rising annually. Sales in 2022 reached 1.1337 trillion KRW, growing 26% compared to 900.5 billion KRW in 2021.

DS Danseok plans to accelerate the enhancement of financial soundness and secure future growth engines for each business division based on the funds raised through this listing. In the bioenergy business sector, it is preparing for the development and manufacturing of ▲second-generation biodiesel (HVO) and ▲SAF (sustainable aviation fuel). In the battery recycling sector, it plans to establish an ▲LFP cathode material plant. In the plastic recycling sector, it aims to pioneer and dominate new markets through ▲advancement of PCR plastic separation and sorting technology.

Han Seung-wook, Chairman of DS Danseok, said, “DS Danseok is striving to lead global resource circulation through the operation of businesses such as bioenergy, battery, and plastic recycling,” adding, “Through the initial public offering, we will solidify the competitive advantage of the company’s major business divisions and spare no investment for business growth.”

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