[Click eStock] "Eco&Dream, Precursor Production Capacity 35,000t"

On the 15th, IBK Investment & Securities forecasted that Eco&Dream will continue to grow through steady expansion investments.

Hyunwook Lee, a researcher at IBK Investment & Securities, explained, "The sales proportion of Eco&Dream's precursor increased from 6.2% in 2023 to 58.3% based on the cumulative data of the third quarter last year," adding, "It is estimated that the precursor shipment volume in the fourth quarter of last year was also solid."

He continued, "Sales in the secondary battery materials sector have exceeded 20 billion KRW per quarter," and added, "It is estimated that last year, for the first time since its establishment, sales surpassed 100 billion KRW."

Researcher Lee analyzed, "Eco&Dream's annual precursor production capacity is expected to increase from 5,000 tons at the beginning of last year to 35,000 tons at the beginning of this year," and "The goal is to produce 105,000 tons by 2030."

He emphasized, "The Saemangeum plant has been completed and will be operational in the second quarter of this year," and "The expected operating rates are 40% in Q2, 70% in Q3, and 80% in Q4." Additionally, he noted, "The break-even point (BEP) operating rate is around 70%," and predicted, "Quarterly profitability will be achieved starting from the third quarter of this year."

Researcher Lee explained, "Potential sales from precursors are 85.1 billion KRW based on 5,000 tons, 595.4 billion KRW based on 35,000 tons, and 1.8 trillion KRW based on 105,000 tons."