Held in Yeongdeungpo-gu, Seoul on the 20th
"AMPC to Cover 10% of Production Costs"
Active Sales and Supply to Chinese Companies
Electrolyte company Enchem announced on the 21st that CEO Oh Jungkang held a 'CEO IR Day' and personally presented the company's business status, performance, and future strategies to institutional investors and analysts.
The IR event, held the previous day at Conrad Seoul Hotel in Yeongdeungpo-gu, Seoul, was organized to enhance corporate value and improve investor understanding. Enchem shared an overview of the company and its achievements through business performance presentations and a Q&A session. In particular, participants showed strong interest during the official Q&A in the benefits of the U.S. Advanced Manufacturing Production Credit (AMPC) subsidy and the company's global strategies by continent.
CEO Oh stated, "We have reviewed the application for the first half of 2025 AMPC, and if things proceed quickly, it could be reflected in the third quarter report to be disclosed in November. We plan to receive an amount equivalent to about 10% of production costs."
Regarding the energy storage system (ESS) projects, CEO Oh said, "We are especially carrying out many ESS projects in China," adding, "While I cannot mention client names, we have recently secured a new customer in China and are supplying electrolyte for ESS batteries." He continued, "As the U.S. ESS market will become increasingly important, we are strengthening our sales capabilities so that Enchem's electrolyte can be supplied for ESS batteries in the U.S. as well."
An Enchem representative said, "Starting with this 'CEO IR Day,' we will continue to strengthen communication with the market and actively pursue strategies to enhance our competitiveness and achieve sustainable growth in the global electrolyte market."
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