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Industry
Lotte Energy Materials to invest 50 billion won to expand Iksan circuit foil capacity for AI demand
Lotte Energy Materials will invest about 50 billion won to expand circuit foil production capacity for AI data centres. The investment will target facility expansion at its Iksan plant in North Jeolla Province, the only circuit foil production base in South Korea. The company aims to raise annual maximum circuit foil capacity to 16,000 tons by 2027. It said the move is a pre-emptive investment aimed at both earnings recovery and market expansion.
Industry
Solus Advanced Materials Q1 operating loss 22 billion won widens 43.8 percent
Solus Advanced Materials posted first-quarter consolidated revenue of 192.6 billion won and an operating loss of 22.0 billion won. Revenue rose 13.6 percent from the previous quarter, but the operating loss widened 43.8 percent from a year earlier. The company cited an incomplete recovery in battery foil output alongside burdens from fixed costs and power prices. Battery foil sales rose 47 percent quarter-on-quarter, while OLED materials sales fell 17.1 percent.
Industry
Solus Advanced Materials\' 2025 operating loss widens 31 percent to 71.5 billion won
Solus Advanced Materials said on Feb. 5 it posted 2025 consolidated revenue of 616.4 billion won and an operating loss of 71.5 billion won. Revenue rose 8 percent from a year earlier, but the loss widened 31.3 percent. It cited weaker EV demand, lower plant utilisation, higher fixed costs, and increased funding and foreign-exchange-related costs. The company plans to complete the sale of its copper foil unit in the first half and focus on battery foil.