[Asia Economy Reporter Lee Jung-yoon] Yulchon Chemical announced on the 28th that it has signed a supply contract worth 1.4872 trillion KRW for aluminum pouches used in lithium-ion battery (LIB) manufacturing with Ultium Cells.
This amount corresponds to 276.0% of last year's consolidated sales, and the contract period is from January 1, 2023, to December 31, 2028.
Below are Yulchon Chemical's disclosure and other major disclosures released in the afternoon of the same day.
▲ Samil CNS = Signed an agreement with GS Entec for an exclusive supply contract of transition pieces worth 81 billion KRW for the Nakwol offshore wind power plant project in Yeonggwang, Jeollanam-do.
▲ DL Construction = Signed a construction contract worth 137.8 billion KRW with Namjudong 9 District Street Housing Maintenance Project Association for the Namjudong 9 District Street Housing Maintenance Project.
▲ LG Chem = Received approval for the Phase 3 clinical trial plan in the U.S. for the gout treatment drug Tigulixostat (LC350189) (research project name 'EURELIA 1 Study').
▲ Shinwon = Decided to acquire treasury shares worth 4.41 billion KRW to stabilize its stock price and enhance shareholder value.
▲ KEPCO KPS = Signed a contract worth 69.53369 billion KRW with Korea Hydro & Nuclear Power for maintenance work on the electrical and mechanical equipment of Hanul Units 3 and 4 in 2021.
▲ Hanwha = Changed from a co-CEO system of Geum Chun-soo, Kim Dong-kwan, and Ok Kyung-seok to a co-CEO system of Geum Chun-soo, Kim Dong-kwan, Kim Seung-mo, Yang Ki-won, and Ryu Doo-hyung.
▲ Hyundai Steel = Production of steel pipes and lightweight products at Hyundai Steel's Ulsan plant has been suspended due to a strike demanding direct employment of subcontractor union members.
▲ Forby4 = Signed a trust contract to acquire treasury shares worth 3 billion KRW to stabilize stock price and enhance shareholder value.
▲ Optipharm = Selected as the lead institution for a new national project under the Ministry of Trade, Industry and Energy and the Defense Acquisition Program Administration's dual-use technology development project and signed an agreement.
▲ Seegene = Signed a trust contract to acquire treasury shares worth 50 billion KRW to enhance shareholder value and stabilize stock price.
▲ Joongang D&M = Signed a supply contract worth 987.07 million KRW with Hyundai Rotem for 84 units of Korail EMU260 high-speed trains.
▲ Daehan Pharmaceutical = Decided to acquire treasury shares worth 2.988 billion KRW to stabilize stock price and enhance shareholder value.
▲ Geumhwa PSC = Regarding reports on the acquisition of Ecobit Engineering, explained that due diligence is underway and the acquisition is under review, but no concrete decisions have been made yet.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
