[Market Focus] MSC Rallies for Second Day on News of 145.6 Billion Won Plant Construction

MSC is showing strong performance in early trading.

As of 9:03 a.m. on August 29, MSC was trading at 12,240 won, up 13.65% (1,470 won) from the previous day. During the session, the price soared to 12,280 won, setting a new 52-week high. This marks the second consecutive day of gains, following the upper price limit reached the previous day.

The surge in investor sentiment is believed to have been triggered by the company's announcement the previous day that it would invest 145.6 billion won in the construction of its third plant in Yangsan. This investment amount is equivalent to 88.43% of MSC's equity capital as of the end of last year. The investment period runs from today until September 30, 2028.

MSC cited the following investment objectives: investment in production facilities to increase product manufacturing capacity; strengthening technological and market competitiveness through the establishment of long-term growth infrastructure; and development of new products and creation of new revenue streams.

Founded in 1974, MSC is a manufacturer and supplier of food and food additives. The company supplies its products to major domestic food conglomerates such as CJ CheilJedang, Samyang Foods, Lotte, and Nongshim. With global interest in K-food on the rise, MSC is actively expanding exports through overseas buyers, and is expected to benefit from increased production capacity.