Enchem Co., Ltd.
348370.KQ
KOSDAQ34,650.00
KRW
+1,350.00
- -
Enchem Co., Ltd.
348370.KQ
(KOSDAQ)
Recent
price
34,650.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Enchem Co., Ltd. specializes in the development, manufacturing, and sale of electrolytes and functional additives primarily for secondary batteries and electric double-layer capacitors (EDLC). Its core products include lithium rechargeable battery electrolytes, polymer battery electrolytes, high-functionality additives, and binder solutions. These products are applied across a range of battery types used in mobile devices, laptops, power tools, electric vehicles (including HEV, PHEV, BEV, and FCEV), energy storage systems (ESS), and other industrial applications. Enchem also provides cell products such as conductive binders and current collectors. The company serves major battery manufacturers like LG Energy Solution and SK On and supplies products globally, including in China, the United States, Europe, and South Korea, operating production facilities in Jecheon (South Korea), China (Zhangjiagang and Zaozhuang), Poland, and the United States. Founded in 2012 with headquarters in Jecheon, South Korea, Enchem has positioned itself as a leader in electrolyte technology, aiming to be a top global supplier. Recent major company developments include its preparation to finalize a five-year supply contract beginning in 2026 with a top global battery manufacturer for an annual supply of 70,000 tons of electrolytes, valued at approximately 1.5 trillion KRW. This agreement represents the largest single-customer supply contract in Enchem's history and will significantly expand the company’s production scale beyond its 2024 volume of 50,000 tons. Concurrently, Enchem has aggressively expanded its sales footprint in China, targeting ESS and EV battery clients, expecting a 150% sales volume increase in 2025 and a rise to approximately 90,000 tons in 2026 with enhanced capacity utilization at its two Chinese plants. The company also plans to leverage its global supply chain across China, the US, and Europe to compete with dominant Chinese electrolyte producers in the global market. Enchem’s strategic initiatives include expanding overseas manufacturing capacity and reinforcing technological collaboration with global battery makers. The company is publicly listed on the KOSDAQ market since November 2021 and employs over 700 people worldwide. Enchem’s industry focus encompasses electronic components and parts, commodity chemicals, and battery material segments, catering to automotive, electronics, and energy storage sectors with its advanced electrolyte solutions. Its ongoing strategic expansions, technology investments, and partnerships reinforce its standing as a significant player in the global secondary battery electrolyte market.