KGA, which is currently pursuing a merger with Samsung SPEC No. 9, announced on the 6th that it plans to further strengthen its competitiveness in the next-generation secondary battery business, including all -solid- state batteries, by expanding collaboration with affiliates such as Cowintech and Top Material.
Top Material is a company specializing in secondary battery materials and system production process design, and Cowintech and KGA are creating business synergy with Top Material in the secondary battery process equipment sector. In particular, the three companies are continuing close cooperation based on a solid equity relationship.
The two companies played a major role in helping KGA secure the largest pool of global customers among domestic secondary battery equipment companies. KGA is a key partner in the electrode process equipment sector of Top Material’s system engineering business, and the two companies have participated in various projects together in the form of a consortium and achieved numerous orders.
Top Material is also expanding its influence in the market by investing in next-generation global battery startups such as ‘Nanoramic Laboratories (hereinafter referred to as ‘Nanoramic’). The company explains that additional benefits are expected under the strengthened market influence of its affiliates.
In fact, Top Material recently won a large-scale cathode material and material supply project worth up to KRW 1.2 trillion in Romania, and the ordering party is currently discussing with Top Material to expand production capacity (CAPA) in the battery sector, and additional orders from KAIST are expected in the process.
A KGA official emphasized, “The three companies are strategic partners who will go beyond a simple equity relationship and work together to strengthen the competitiveness of the domestic secondary battery industry,” and “Through continued collaboration, we will further expand our technological prowess and global network and establish ourselves as key players in the next-generation battery market.”
Meanwhile, KG A is pushing forward with the construction of a large-scale new factory in Brain City, Pyeongtaek, Gyeonggi Province. KG A plans to increase the production capacity of electrode process equipment such as coaters, roll presses, and slitters through the new factory. Top Material is also currently constructing a large-scale LFP (lithium iron phosphate) cathode material manufacturing plant in the same area, and both companies expect that after completion, a strong synergy effect will be generated within the cluster.
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