SK Ecoplant is set to expand its semiconductor value chain by incorporating two subsidiaries, Essencore, a global semiconductor module company, and SK Materials Airplus, an industrial gas supplier. This move aligns with SK Group’s broader strategy to enhance its technological and environmental footprint. The integration is expected to be completed within the year.
Essencore, known for memory products like DRAM and SSDs, brings brand recognition from its involvement in e-sports, while SK Materials Airplus offers a stable revenue stream through long-term industrial gas supply contracts essential for semiconductor manufacturing. By bringing these companies under its umbrella, SK Ecoplant aims to create synergies across its semiconductor and environmental services, including leveraging its ITAD subsidiary, SK tes, for recycling and waste management.
Investor confidence in SK Ecoplant’s strategic direction has been bolstered, as evidenced by the strong demand for its recent corporate bond issuance, raising funds eight times the targeted amount. With cumulative sales of 4.267 trillion won (approx. $3.2 billion) in the first half of 2024, an 8.6% increase year-on-year, SK Ecoplant continues to solidify its position in the market, particularly in the environment and energy sectors.
