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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 starts up integrated OLED production plant in Iksan\'s Hamyeol

Solus Advanced Materials said on March 19 it has completed an integrated OLED materials production plant in Hamyeol, Iksan, North Jeolla Province, and begun full operations. The new base was built by relocating and expanding its existing Iksan plant, doubling production capacity. The site includes utility, synthesis, purification and office buildings and started mass production this month after approvals. It will produce emissive and non-emissive OLED materials and expand development of AI semiconductor and automotive battery materials.