INICS Corporation
KKRX:4524004,780.00
KRW
-230.00
(-4.59%)
ISIN
KR7452400005
Return %
Stock
S&P 500
1Y
-59.15
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 182
- Sector
- Process industries
- Industry
- Containers/Packaging
- Address
- Busan South Korea
- IPO Date
- Feb 1, 2024
- Website
- inics.kr
- Similar Companies
- Business
- INICS Corporation is a South Korea-based manufacturing company specializing in the development and production of electric vehicle battery safety solutions, automotive interior and exterior materials, and industrial adhesive and abrasive products. Founded in 1984 and headquartered in Busan, South Korea, the company operates domestic manufacturing facilities in Busan, Gimhae, and Asan, alongside international operating subsidiaries and production facilities in the United States and the Czech Republic. The company operates across three core business segments: Electrified Vehicle Components, Automotive Materials, and Industrial Products. Its comprehensive product portfolio comprises electric vehicle battery safety solutions, including battery cell pads and compression pads to manage battery swelling; fireproof bulkheads, ceramic wool barriers, and 3D molded mica sheets engineered to prevent thermal propagation and fire spread; upper battery protection covers; cell bonding tapes; and bus bar insulation tapes; automotive interior and exterior solutions, including acoustic sound-absorbing materials, flocking tapes, acrylic foam bonding tapes, and dual-lock fastening systems; and industrial materials and chemical solutions, including anaerobic adhesives, structural bonding agents, double-sided industrial tapes, abrasive grinding and cutting wheels, polishing compounds, and water treatment equipment. INICS Corporation primarily caters to global automotive original equipment manufacturers and tier-one battery manufacturers. Its components are engineered for integration into electric vehicle battery packs, body systems, and specialized industrial equipment, serving major clients such as Hyundai Mobis, SK On, Hyundai Motor Company, Kia Corporation, and international automakers including Ford Motor Company. In recent corporate developments, INICS Corporation completed its initial public offering and listed its common shares on the KOSDAQ market in February 2024 under the ticker 452400. To accelerate its North American expansion, the company established its subsidiary, INICS Battery Solution Corp., and completed construction of a dedicated production plant in Auburn, Alabama, to localize supply for North American battery cell and electric vehicle assembly facilities. Furthermore, the company expanded its European presence through the acquisition of an operating entity in the Czech Republic and secured new long-term supply contracts for fireproof compression pads and safety components across next-generation electric vehicle and purpose-built vehicle platforms.