Daejin Advanced Materials Joins KEM Tech Capital Increase... Takes on the KRW 24 Trillion Prismatic Battery Components Market

On August 25, Daejin Advanced Materials, a global advanced materials specialist, announced that it will strategically participate in the paid-in capital increase of KEMTech, marking its full-scale entry into the prismatic battery components market for ESS (Energy Storage Systems).

Daejin Advanced Materials recently decided, through a board resolution and auditor approval, to strategically participate in the paid-in capital increase of KEMTech, a company specializing in electric vehicle battery components. This is a strategic investment aimed not at supporting a specific company, but at securing new growth engines and strengthening core supply chains.

KEMTech specializes in prismatic and cylindrical battery components, and in June signed a supply contract worth KRW 80 billion for ESS cans with a global battery manufacturer. The company is currently conducting mass production validation of its manufacturing facilities, with full-scale production and supply scheduled to begin at the end of this year. In addition, it is expected that similar contracts of comparable scale for the same product will be finalized within a few months, indicating strong growth potential.

Daejin Advanced Materials has already proven its marketability by supplying initial ESS (Energy Storage System) quantities and is expanding its new business pipeline with CNT (Carbon Nanotube)-based technologies. The collaboration with KEMTech is expected to serve as a turning point, enabling the company to secure the technological competitiveness required in the prismatic components market and to strengthen its responsiveness to global customers through value chain integration between materials and equipment.

According to global market research firm IMARC Group, the global prismatic battery market in the EV & ESS sector is projected to grow from USD 6.7 billion (KRW 920 billion) in 2025 to USD 17.3 billion (KRW 2.4 trillion) by 2030.

The company also stated that its EBITDA is expected to exceed KRW 10 billion this year, and explained that this investment is a proactive measure to support the company’s mid- to long-term growth drivers.

Yoo Sungjun, CEO of Daejin Advanced Materials, said, “Through synergy with KEMTech, we are taking on the prismatic components market, which is the next core stage of the global battery industry,” adding, “Based on transparent management, we will continue to pursue results in future growth areas such as ESS and CNT, while doing our utmost to enhance shareholder value.”

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