Pino Signs 10.2 Billion KRW Copper Supply Contract... "Achieved Triple Last Year's Sales in Q1 Alone"

Secondary battery material company Pino announced on the 8th that it has signed a copper supply contract worth 10.2 billion KRW with CNGR HongKong Material Science & Technology Co., Ltd.

This contract involves supplying copper procured domestically to CNGR Material Science & Technology in Hong Kong. It is the second contract following the approximately 8.2 billion KRW supply contract signed in August this year with CITIC Metal Limited in Hong Kong. Cooperation with CNGR, the world's leading global precursor company and major shareholder, is gradually showing tangible results.

A Pino representative stated, "We have started securing a foundation for success in the precursor-related business by beginning the purchase and sale of raw materials and materials for secondary batteries," adding, "We will actively invest in the precursor business, a core material of cathode materials, to build a value chain from material sourcing and processing to precursor manufacturing and sales."

He continued, "Since the change of the major shareholder in June, we have achieved sales of approximately 18.5 billion KRW through two supply contracts, greatly surpassing last year's sales of 7 billion KRW," and added, "In the upcoming fourth quarter, we expect significant external growth by achieving last year's performance levels not only through new contracts but also in existing businesses such as the relay business and mobile game business."

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