On July 23, Daejin Advanced Materials, a global advanced materials specialist, announced plans to expand its production base in the United States.
Daejin Advanced Materials aims to secure early benefits from the Inflation Reduction Act (IRA) by operating a new plant in Tennessee in 2026, following its currently operating Michigan facility.
At present, Daejin Advanced Materials produces trays at its plant located in Troy, Michigan. As of the first quarter of this year, the plant achieved a stable operation rate from the outset, producing 22,000 units?about 50% of its total capacity of 43,200 units. This demonstrates that Daejin Advanced Materials is one of the few Korean materials companies with direct manufacturing and delivery capabilities in the United States.
In addition, the company holds a portfolio of numerous patents filed and registered in the United States, enabling it to respond swiftly to the accelerating demand for supply chain localization following the implementation of the IRA.
The Tennessee plant, scheduled for completion in 2026, will produce 2,800 tons of CNT (carbon nanotube) conductive materials annually for the North American market. After pilot operations in the second half of this year, full-scale operations are set to begin in 2026, at which point Daejin Advanced Materials will operate two production bases in the United States.
The company's technological competitiveness is also noteworthy. Daejin Advanced Materials currently holds a total of eight patents in the United States (seven pending, one registered). In particular, the patent registered last year for "anti-static resin composition containing thermoplastic resin and conductive filler" is regarded as a key technology for enhancing the safety and efficiency of global battery manufacturing processes. The company is also recognized for its technological capabilities in various fields, including anti-static trays based on carbon nanomaterials, AI (artificial intelligence) composite material formulation technology, and eco-friendly technologies.
Chief Executive Officer Yoo Sungjun stated, "Once both U.S. plants are fully operational, Daejin Advanced Materials will emerge as a global materials company capable of immediately responding to the North American production localization demands under the IRA." He added, "Our structure offers the advantage of reducing tariff and FEOC (Foreign Entity of Concern) risks, while also meeting local customers' supply chain stabilization needs."
Meanwhile, Daejin Advanced Materials is pursuing a global supply chain diversification strategy through overseas bases in countries such as Poland and the Philippines, and is accelerating efforts to expand its presence in the global electric vehicle and secondary battery markets, including North America.
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