ST Young-won (CEO Kwon Soon-sik) recently won the $30 million export tower at the 60th Daegu-Gyeongbuk Trade Day transfer ceremony.
ST Youngwon is a leading manufacturer of wet separator production facilities, a core material for secondary batteries. In recognition of its technological prowess, the company won the Grand Prize at the Daegu Startup Awards in August and the Minister of SMEs and Startups at the Daegu Gyeongbuk Startup Festival in October, continuing its winning streak at various awards in Korea this year.
Kwon Soon-sik, CEO of ST Young-won (right), is receiving a $30 million export tower from Daegu Market in Hong Joon Pyo.
Established in 2021, ST Youngwon has established a supply chain for local separation membrane producers in China after proving its short-term technology. Based on this, it has achieved $60 million in overseas sales this year, including $30 million in export towers. The goal is to achieve 150 billion won in sales by 2025. It plans to further expand its global business area in line with the continued growth of the electric vehicle secondary battery market.
The wet separator inline production system developed by ST Youngwon boasts the best global performance by significantly improving productivity compared to existing equipment with an ultra-wide 8300mm and a maximum speed of 120m/min. Through this, it is expected to greatly contribute to enhancing the business competitiveness of overseas separator producers.
Kwon Soon-sik, CEO of ST Young-won, said, “The electric vehicle secondary battery market will grow steadily in the future,” adding, “We will lead the overseas market with the technology accumulated so far.”
Daegu = Reporter Jung Jae-hoon jhoon@etnews.com