Top Material Co., Ltd.
KKRX:3600708,980.00
KRW
-330.00
(-3.54%)
Top Material Co., Ltd.
KRX:360070
(Korea Stock Exchange)
Recent
price
8,980.00
P/E
ratio
- -
div
yld
0.19%
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- TOP MATERIAL Co., Ltd, founded in 2012 and headquartered in Icheon, South Korea, operates primarily in the secondary battery industry, specializing in lithium-ion battery materials and system engineering services. The company manufactures and sells key battery components including cathode materials such as lithium nickel cobalt manganese oxide (NMC), lithium iron phosphate (LFP), lithium manganese-rich LNMO, and engineered active materials; electrodes including primer coatings and electrode plates; and it offers a comprehensive suite of engineering services for battery manufacturing lines. These services encompass turnkey solutions for pilot and gigafactory scale production lines for cylindrical, pouch, and prismatic cells, covering factory building, equipment manufacturing and installation, automation integration, quality control through MES and APQP systems, commissioning, and ramp-up support. TOP MATERIAL's operations extend beyond South Korea, with project experience in the U.S., Europe, and Asia, working closely with major automakers, battery manufacturers, and energy storage providers. In the last 1-2 years, TOP MATERIAL deepened its strategic partnership with Nanoramic, Inc., a company specialized in advanced battery materials, by participating in multiple equity financing rounds to reinforce a manufacturing base in South Korea focused on Nanoramic’s Neocarbonix® battery technology. This partnership aims to establish a robust supply chain and accelerate global commercialization efforts. Additionally, TOP MATERIAL expanded its cathode active material production capabilities with the establishment of a new LFP production line projected to run at 3,000 tons per year starting in late 2024, and it plans to commercialize emerging materials such as LMFP by 2026. The company also completed an equity buyback program in 2025 and pursued mergers with affiliates like KGAE to enhance synergies in battery process equipment and expand into new markets including all-solid-state batteries and humanoid robotics. TOP MATERIAL serves multiple segments within the electrical components and equipment industry, focusing on the capital goods sector. Its core customers include global battery manufacturers, electric vehicle producers, and energy storage system developers. The company stands out for its integrated approach combining materials innovation with advanced manufacturing engineering, positioning itself as a total solution provider for lithium rechargeable batteries. It is publicly listed on the KOSDAQ exchange under ticker 360070.KQ and maintains strong industry ties rooted in leadership experience from Samsung SDI and global battery gigafactory projects. This blend of material development, engineering expertise, and strategic partnerships enables TOP MATERIAL to support the electrification transition with advanced battery technology solutions and scalable manufacturing infrastructure.