Independent research firm Growth Research analyzed on the 12th that JSTEC should be noted for its secondary battery business and AGV (Automated Guided Vehicle) logistics robot business supplying equipment manufacturing lines.
JSTEC was established in 1995 to sell semiconductor manufacturing equipment. Its main businesses include OLED and LCD display bonding equipment, POL cutting equipment, cell cutting equipment, and other laser equipment. As of the first half of this year, the sales composition ratio is 37% display equipment, 7% laser equipment, 22% semiconductor equipment and others, 30% bio-diagnostic kit equipment, and 4% secondary battery business.
Lee Jae-mo, a researcher at Growth Research, stated in the report, "The secondary battery business in JSTEC's new business sector should be noted. They are in the process of growing both the parts business and the equipment business together," adding, "In the case of the parts business, they entered the market by acquiring a 51% stake in Sang-A PS last August."
He said, "They have completed product development for the can and cap assembly of prismatic batteries and are currently sending some samples to customers for testing," and analyzed, "Although the sales scale is not significant, it is expected that some quantities will start to be delivered to customers from the second half of the year."
The equipment business has a lower design difficulty compared to semiconductors and displays, so it is a market that most companies are newly entering. In February, JSTEC announced a supply contract for a secondary battery production line worth 15.9 billion KRW.
He predicted, "If the production yield is good for the pilot-level battery production line, the customer plans to expand capacity up to 60GWh units by 2025," and added, "At that time, JSTEC's equipment is highly likely to be supplied step by step."
Additionally, he emphasized the need to pay attention to JSTEC's entry into the AGV market. He said, "JSTEC is expected to supply AGV logistics robots to the secondary battery equipment manufacturing line in the second half of this year," and analyzed, "Considering the total sales amount, it is expected to be at least in the range of 10 billion to 20 billion KRW."
He added, "If they also supply logistics automation robots, JSTEC's corporate value is expected to rise to the next level."
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