Secondary battery material company Koiz's stock price is on the rise. The news of establishing a new factory in the Jecheon 3rd Industrial Complex, Chungbuk, appears to be influencing the stock price.
As of 2:21 PM on the 7th, Koiz is trading at 2,845 KRW, up 21.06% from the previous day.
Jecheon City and Koiz signed a corporate establishment investment agreement on the same day. The signing ceremony was attended by Kim Chang-gyu, Mayor of Jecheon, Lee Jeong-im, Chairperson of the City Council, and Jo Jae-hyung, CEO of Koiz.
According to the agreement, Koiz will build a mass production factory for secondary battery cathode material additives on a 12,624 ㎥ site within the Jecheon 3rd Industrial Complex. They plan to establish facilities with an annual production capacity of 200 tons in phases starting this year. The city expects this to create approximately 100 jobs.
Founded in 2006, Koiz is a company equipped with optical material process technology, a core component of LCD displays, and recently completed the development of secondary battery cathode material additives through metal oxide nanoparticle manufacturing technology.
CEO Jo said, "We decided to invest in the future of the company in the Jecheon 3rd Industrial Complex, where secondary battery material companies are concentrated."
Cathode materials serve as the lithium source in lithium-ion batteries and are the energy source and core material that determine battery capacity and average voltage. Koiz is expected to enhance stability and output by developing additive materials for electric vehicle batteries. They anticipate securing price competitiveness through process simplification and mass production by developing metal oxide nanoparticle mass production technology for lithium secondary batteries and safety-enhanced composite separators.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
