Airrain, the only domestic company specializing in gas separation membrane solutions, announced on May 14 that it recorded sales of 6 billion KRW, operating profit of 1.2 billion KRW, and net profit of 1 billion KRW in the first quarter. Compared to the same period last year, these figures increased by 58%, 604%, and 106%, respectively. The company achieved record-high quarterly results as the synergy from technological advancement and facility expansion began to take full effect.
The main drivers behind this growth were the early completion of facility expansion in response to rapidly increasing customer demand and the stable revenue contribution from the new production line, which began full operation in February. Additional factors include improved product performance and enhanced customer trust through continuous technological development, as well as robust sales growth in China. In particular, demand for nitrogen generators has significantly expanded in industries requiring high-performance gas separation membranes, such as LNG shipbuilding, which positively impacted results.
Airrain is focusing on expanding exports of high-performance gas separation membrane products. The company is also concentrating on developing customized technologies and products for emerging industries such as biogas, hydrogen, and carbon capture, utilization, and storage (CCUS). Based on its expanded production lines, Airrain aims to secure delivery reliability and flexible supply, with the goal of entering the global top tier in the gas separation membrane sector by expanding its global sales network.
Ha Sungyong, CEO of Airrain, stated, "With the expansion of energy resource development, demand for nitrogen generators utilizing gas separation membranes continues to increase. In particular, with the implementation of a law mandating biogas production in Korea this year, we expect related demand to expand even further."
He added, "As interest in biogas continues to rise overseas, we will actively seek opportunities in the global biogas development business and focus our capabilities to achieve even greater growth."
In March, Airrain, in cooperation with Korea Hydro & Nuclear Power and Doosan Fuel Cell, succeeded for the first time in Korea in capturing more than 90% of the carbon dioxide (CO₂) emitted from a PAFC (Phosphoric Acid Fuel Cell). The company is currently working to commercialize the application of carbon dioxide capture systems to fuel cell power generation projects, while also developing new businesses utilizing the captured carbon dioxide.
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