SK Ecoplant is incorporating SK Materials Airplus as a subsidiary and is launching a full-scale attack on the industrial gas market.


SK Ecoplant announced that the comprehensive stock exchange agenda for SK Materials Airplus was approved at the extraordinary shareholders meeting held at the Susong building in Jongno-gu, Seoul on the 2nd.

Accordingly, SK Ecoplant will issue new stocks and exchange them for SK Materials Airplus stocks (100% stake) held by SK Corporation.

The approval of this agenda item is analyzed to have been positively evaluated by shareholders due to market expectations of business synergies between the two companies, increased sales, improved profitability, and enhanced financial stability resulting from the incorporation of SK Materials Airplus as a subsidiary.

SK Materials Airplus is a company that manufactures and supplies industrial gases such as nitrogen, oxygen, and argon used in the semiconductor industry.

We have secured a stable profit structure through a business model that supplies industrial gases and liquefied carbon dioxide for a long period of time.

It is expected that there will be good collaborative synergy with SK Ecoplant in terms of construction and operation of industrial gas manufacturing plants.

Due to the nature of the business, which involves building facilities near industrial complexes or customer sites where industrial gas demand is concentrated, it is easy to combine and utilize SK Eco Plant’s plant design and construction capabilities. It is also possible to expand into new customers through industrial complex development.

SK Ecoplant will also incorporate Essencore, a semiconductor module company, as a subsidiary along with SK Materials Airplus.

Essencore manufactures and sells memory products, including DRAM memory modules, SSDs, SD cards, and USBs, worldwide.

Through collaboration with SK tes, a recycling subsidiary of SK Ecoplant, synergies are expected in the areas of recycling business such as electronic and electrical waste (E-waste) and ITAD (IT Asset Disposition), such as securing additional feedstock and expanding distribution networks.

In particular, as large-scale investments in the semiconductor sector are expected as the era of artificial intelligence (AI) begins in earnest, SK Ecoplant plans to combine its semiconductor infrastructure development capabilities with the business capabilities of SK Materials Airplus and Essencore to provide optimized solutions and continue to expand its role in the semiconductor value chain.

SK Materials Airplus and Essencore are scheduled to be incorporated as subsidiaries of SK Ecoplant on November 1.

An SK Ecoplant official said, “Through this subsidiary incorporation, we will not only create complex synergies in various fields such as semiconductors, AI, and environmental businesses, but also continuously increase corporate value by enhancing financial stability.”