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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] SKC is expected to lower its copper foil sales target for this year due to a temporary slowdown in electric vehicle demand. The company plans to optimize its existing production facilities rather than pursuing new expansions.
In their Q2 earnings report and conference call on August 1, SKC stated that they are adjusting their copper foil sales target more conservatively. They emphasized that instead of new expansions, they will focus on maximizing the use of their current production assets.
The battery and materials business, particularly in SK Nexilis, has faced challenges due to a slowdown in electric vehicle growth. SKC reported a 37.4 billion won operating loss for its secondary battery materials business in Q2. This was attributed to reduced revenue from the downturn in the industry and the fixed costs associated with starting up their new Malaysian plant.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
