{"id":11842,"date":"2022-11-04T17:51:15","date_gmt":"2022-11-04T08:51:15","guid":{"rendered":"https:\/\/askinno.com\/global\/?p=11842"},"modified":"2022-11-04T19:07:31","modified_gmt":"2022-11-04T10:07:31","slug":"skiet-reviews-plan-on-timely-expansion-to-take-lead-in-north-american-market-for-domestic-and-international-investors","status":"publish","type":"post","link":"https:\/\/askinno.com\/global\/archives\/11842","title":{"rendered":"SKIET reviews plan on timely expansion to take lead in North American market"},"content":{"rendered":"

\u25a0 Roh Jae-sok, CEO of SKIET communicates with National Pension Service and other domestic investors and is set to explain the company’s strategy to BlackRock and other overseas investors from November 8 to 12.<\/span><\/strong><\/p>\n

\u25a0 \u201cNorth American and European markets for LiBS show rapid growth of over 30% on average annually…The company is reviewing expansion for production to take the lead in these market needs.\u201d<\/span><\/strong><\/p>\n

\u25a0 SKIET announced its mid to long-term plan to increase sales via localization in core markets and improve production cost competitiveness.<\/span><\/strong><\/p>\n

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SK IE Technology (SKIET), which manufactures separators for secondary cells, is set to hold a series of non-deal roadshows (NDRs) for domestic and overseas investors such as NPS (National Pension Service), BlackRock, etc. The company plans to highlight its mid to long-term business strategies, including its plan for a timely expansion into the North American market, given its global significance as a core market.<\/span><\/p>\n

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On November 4, SKIET announced that the company will be visiting Hong Kong and Singapore from the 8 to 12 and hold NDRs for global institutional investors, asset management companies, securities firms, and fund managers. The material business company is set to meet with the investment managers of BlackRock, the world’s largest asset management company, officials from APG, one of the largest European pension funds, and more to introduce the company’s business roadmap and request an expansion in the investment.<\/span><\/p>\n

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Meanwhile, SKIET continues to communicate actively with domestic investors as well. The materials company held a conference call for analysts from securities firms on November 2 and is hosting an NDR until the 4th for NPS, the largest institutional investor in the country, and other investors, such as asset management companies.<\/span><\/p>\n

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SKIET shared that CEO Roh Jae-sok has been attending all the roadshow sessions in and out of Korea to explain the business strategies himself, displaying his steadfast will to improve corporate values. It is a part of the company’s efforts to secure the investors’ support as the company faces a deceleration in performance recovery due to the current slump in the demand of downstream industries. The company aims to minimize investors’ concerns regarding performance and secure cooperative investors who seek long-term investment items in spite of the uncertainty in the global business environment as well.<\/span><\/p>\n

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In the conference call held on the 2nd, CEO Roh Jae-sok introduced the company\u2019s mid to long-term plans, such as improved automation, enhancement of productivity, and expansion toward the North American market to take the lead amidst the growing demands. He is set to appeal the strategies to overseas investors as well.<\/span><\/p>\n

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CEO Roh said, \u201cAs for the global demands for the wet-type LiBS, we expect the North American and European markets to record over 30% of annual growth on average.\u201d He added, \u201cWe deem it essential to invest in North America, given its market potential and the increase in demand by core clients.\u201d<\/span><\/p>\n

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Currently, SKIET is thoroughly reviewing various options for investment in the North American market in line with the company\u2019s plan for the securement of orders and procurement. The company plans to share its decisions in detail with the market as soon as they are confirmed.<\/span><\/p>\n

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CEO Roh added, \u201cThe operation rate at Plant No.1 in Poland is improving. The company will adaptively adjust the schedule for the commencement of the expansion of Plants No. 2 to 4, considering the uncertainty in the global business situation.\u201d<\/span><\/p>\n

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Taking account of the regional production encouragement policy and other policies of the United States and the European Union as a part of their emerging tendency to prioritize their domestically manufactured products, the company’s strategy is to take the lead in the market through localization at the right time.<\/span><\/p>\n

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CEO Roh also actively engages in promoting the company’s plans for productivity improvement to secure cost competitiveness. At the conference call the company held, he announced that the company has already secured a facilities technology that will double the production capacity and that the technology will be applied in the new production lines in North America for future expansion. Moreover, the company plans to shift to smart factories to secure consistent quality in global plants and save up to 60% of fixed costs per unit.<\/span><\/p>\n

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An official of SKIET said, \u201cWe are going to make an innovation of catching two birds by maintaining the excellent quality of our separators and enhancing the cost competitiveness through production cost management,\u201d and added, \u201cSKIET will continue to communicate actively with the market regarding its business strategies and market analysis.\u201d<\/span><\/p>\n

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[Photo]<\/strong><\/span><\/p>\n

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(Photo 1) Roh Jae-sok, CEO of SKIET <\/span><\/p>\n

 
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(Photo 2) A member of SKIET examines separator.<\/span><\/p>\n

 
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\u25a0 Roh Jae-sok, CEO of SKIET communicates with National Pension Service and other domestic investors and is set to explain the company’s strategy to BlackRock and other overseas investors from November 8 to 12. \u25a0 \u201cNorth American and European markets for LiBS show rapid growth of over 30% on average annually…The company is reviewing expansion … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":11848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4,8,132],"tags":[1251,184,110,1252,1250,117],"class_list":["post-11842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporates","category-press-room","category-press-release","category-sk-ie-technology","tag-conferrence","tag-investment","tag-libs","tag-ndr","tag-separators","tag-skiet"],"acf":[],"_links":{"self":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/11842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/comments?post=11842"}],"version-history":[{"count":5,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/11842\/revisions"}],"predecessor-version":[{"id":11852,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/11842\/revisions\/11852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/media\/11848"}],"wp:attachment":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/media?parent=11842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/categories?post=11842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/tags?post=11842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}