SC Engineering Signs Large 91 Billion KRW Contract with Aekyung Chemical, Achieving Record-Breaking Order Performance This Year

On the 13th, SSC Engineering, a comprehensive engineering specialist company, announced that it had secured a large-scale project worth 91 billion KRW including VAT from Aekyung Chemical.

SSC Engineering, which succeeded in new orders worth 160 billion KRW in the first half of this year alone, has recorded total orders exceeding 250 billion KRW to date, including this project. This amount is more than double the total sales of the design, procurement, and construction (EPC) business from the previous year.

The project promoted by Aekyung Chemical at its Ulsan plant is a plant construction project to domestically mass-produce TPC (TerePhthaloyl Chloride), a key raw material for the superfiber aramid (para-Aramid), for the first time in Korea. SSC Engineering plans to carry out the entire EPC process in an integrated manner.

Aramid is a material that is lighter and stronger than steel and resistant to heat. It is used in 5th generation (5G) optical cables, electric vehicle tires, aerospace materials, and more. As global demand for aramid rapidly increases, the demand for TPC, its key raw material, is also rising.

Wang Dae-sik, President of SSC Engineering and head of the EPC business, said, “We feel a great responsibility to be entrusted with Aekyung Chemical’s crucial project to domestically produce TPC, which was previously entirely imported, using independent technology for the first time in Korea. As domestic companies are expected to expand their aramid supply and TPC demand in line with global trends, we will devote all our capabilities to successfully executing this project to become a key reference for expanding participation opportunities in various new and expansion projects in the future.”

He added, “With this year’s record-high order performance already assured, negotiations for projects scheduled to be ordered in the second half of the year are also progressing smoothly. We expect a steady upward trend in performance to continue into next year due to the increase in order backlog.”