Bowon Chemical (CEO Heo Chan-hoe), a total solution company for chemical materials, announced on the 2nd that it has selected BNK Investment & Securities as the lead manager and is actively pursuing a KOSDAQ market listing. The company has begun reorganizing its internal organization and preparing for an IPO with the goal of listing on KOSDAQ this year.
Established in 1995, Bowon Chemical supplies products to various industrial fields, including automotive interior materials, building materials, and high-functional sheets, through various manufacturing processes, such as film processing, surface treatment, and plywood processing, based on chemical materials such as polyvinyl chloride (PVC), thermoplastic polyolefin (TPO), and polyurethane (PU).
In particular, the eco-friendly TPO material for automobile interiors is a technology-intensive product with properties and durability that meet the needs of automakers, and in the building materials sector, it is meeting the demand for high-end interiors with the only SPC flooring and wall material lineup in Korea. High-functional sheet materials are producing customized products such as non-slip pads for displays, EVA sheets for solar power, and grid back sheets for power generation.
Bowon Chemical possesses cutting-edge manufacturing technologies such as gravure printing equipment, micro gravure printing, plywood process, T-DIE molding process, and electron beam crosslinking equipment, and through these, it is responding to high value-added market demands.
Through this listing, Bowon Chemical plans to strengthen R&D, launch new products, diversify materials, and expand production facilities and organizations. Through this, it plans to improve product quality and increase production efficiency, and actively respond to changes in the domestic and international interior materials and sheet markets.
CEO Heo Chan-hoe said, “With the KOSDAQ listing as an opportunity, we will focus on securing growth momentum through expansion of research and development and production facilities,” adding, “Based on our unrivaled technological prowess and know-how, we will establish ourselves as a leading company in the domestic and international chemical materials industry.”
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