Jinyoung Secures 10 Billion Won Investment... "Maximizing Performance Through Expansion"

Jinyoung, which is developing new businesses in industrial films and pyrolysis oil, has successfully attracted large-scale investment from domestic financial investment institutions. The funds raised this time will be used for mass production of semiconductor static electricity prevention films and secondary battery packaging films, as well as for the expansion of the pyrolysis oil factory of its subsidiary, Korea Eco Energy.

Jinyoung announced on the 26th through a public disclosure that it has decided to issue the first tranche of 10 billion KRW in anonymous, interest-bearing, unsecured private convertible bonds (CB). The coupon rate and maturity interest rate of the CB to be issued this time are 0% and 1%, respectively, and the conversion price is 3,896 KRW per share.

Jinyoung will use part of the raised funds to prepare for mass production of semiconductor and secondary battery films. It will also invest in the expansion of Korea Eco Energy’s pyrolysis oil facilities. Korea Eco Energy currently owns two facilities capable of producing pyrolysis oil from waste plastics, each with an area of 1,100 pyeong. It plans to add two more facilities this year. Jinyoung also plans to use the secured funds to build a 1MW (megawatt) scale solar power generation facility within the production plant and to develop a smart farm new business.

Jinyoung recently succeeded in developing the country’s first next-generation semiconductor static electricity prevention film at the request of a semiconductor company. According to the company, the new semiconductor film has performance and durability that can replace existing products, and supply to domestic and international semiconductor manufacturers is expected to expand in the future.

The secondary battery packaging film developed by Jinyoung is used for transporting battery cells. Its excellent abrasion resistance suppresses dust and mitigates external shocks, which is an advantage. Testing related to the secondary battery film is entering the final stage and commercialization is imminent.

Korea Eco Energy, a subsidiary, completed factory operation permits from the Korea Testing Laboratory and local governments last year and is producing pyrolysis oil at its Yeongcheon plant. Following a contract signed in January to supply all pyrolysis oil to a leading domestic oil refining company, initial deliveries have recently begun. Jinyoung plans to continuously expand the production capacity (CAPA) of Korea Eco Energy’s Yeongcheon plant.

A Jinyoung official said, “The business portfolio diversification strategy to reduce the impact of the construction market and maximize profitability is progressing smoothly. With the supply of industrial films such as semiconductors imminent and sales from the new pyrolysis oil business starting, the company’s growth potential has been highly evaluated, leading to the successful attraction of this large-scale investment.”

He added, “With the secured expansion costs, performance growth through industrial films for semiconductors, secondary batteries, and the new pyrolysis oil business will accelerate. We will also focus on expanding overseas markets and increasing domestic sales in our core business.”

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