LK Chem Acquires Third Plant in Dangjin... "Accelerates Hafnium Materials Business"

LK Chem has acquired its third plant in Dangjin, Chungcheongnam-do to secure production capacity for its new business lines.

According to LK Chem on May 27, the newly acquired third plant is a production facility located in the Seokmun National Industrial Complex in Dangjin, Chungcheongnam-do, with a total area of 13,223.3 square meters (approximately 4,000 pyeong). The total acquisition amount is 3 billion won. LK Chem plans to use this plant as the foundation for establishing production lines for next-generation businesses, specifically hafnium-related materials and perovskite materials, and will begin phased equipment installation with the goal of mass production in the second half of 2027.

LK Chem has proven its global competitiveness in the synthesis, purification, and mass production of materials by reliably supplying precursor materials used in semiconductor thin film deposition processes. Leveraging the expertise accumulated from its existing business, the company is expanding into high-value-added next-generation materials such as hafnium and perovskite. The company intends to use the third plant as a strategic base for expanding its next-generation materials business, diversifying its business structure, which has so far focused on semiconductor precursors, and maximizing profitability.

Changyeob Lee, CEO of LK Chem, stated, "The acquisition of the third plant is a meaningful step that demonstrates the company's growth strategy, as promised to the market at the time of our IPO, is proceeding as planned. Based on the new production base, we will accelerate our next-generation materials business, including hafnium-related and perovskite materials, and steadily establish a solid foundation for new business growth with the aim of starting mass production in the second half of next year."

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