Battery mixing equipment manufacturers, Yunsung F&C, TSI, and Jeil M&S, will invest 50 billion KRW to expand their plants. The mixing system is a total equipment solution to produce battery positive and negative electrode active materials.
Yunsung F&C decided to invest 20 billion KRW to construct a mixing system at its plant in Anseong, Gyeonggi Province. The investment will be used in the construction of the Anseong mixing system production plant, technology research center, and welfare facilities. Anseong plant construction began in last November, and will be completed by the end of next October next year at the earliest.
Yunsung F&C has 1-4 operating plants in Hwaseong, Gyeonggi Province. The production capacity is expected to increase by more than 50,000 square meters once the new plant consturction in Anseong is completed. An official from Yunsung F&C said, "We began to invest in a new plant as the demand for mixing equipment increased. Once the Anseong plant begins to operate, there will be 100 billion KRW in sales will be generated.”The estimated sales for Yunsung F&C this year is 200 billion KRW, which doubles from last year.
TSI invested 6.6 billion KRW to construct a plant in Pyeongtaek, Gyeonggi Province. The investment in the Pyeongtaek plant is 17.61% of TSI’s equity capital, and the investment ends on the 31st. TSI invested 3.9 billion KRW in the Cheonan plant, and began an additional investment of 6.6 billion KRW. An official from TSI said, “We plan to expand our production capacity with increasing demand for mixer equipment from battery customers.”
Jeil M&S will also invest 20 billion KRW to expand the production facility in its Gimhae plant in South Gyeongsang Province. The Gimhae plant will triple its current production capacity by next March. An official from Jeil M&S said, “We plan to raise investment funds to expand production capacity through domestic listing.”
Yunsung F&C, TSI, and Jeil M&S supply mixing equipment to domestic battery companies such as LG Energy Solution, Samsung SDI, and SK On. They began to supply mixing equipment to foreign companies such as Northvolt, ACC, and Verkor. Competing with major Japanese equipment manufacturers, such as Asada and Inoue, they are expanding orders for mixing equipment. The mixing equipment market worth is estimated at 700 billion KRW.
By Staff Reporter Ji-woong Kim (jw0316@etnews.com)