UPDATED. 2024-03-28 05:14 (목)
SFA says acquisition of CIS to boost battery equipment business 
SFA says acquisition of CIS to boost battery equipment business 
  • Jang Keyoung Yoon
  • 승인 2023.02.15 15:00
  • 댓글 0
이 기사를 공유합니다

Deal to allow turn-key deals 
SFA CEO Kim Young-min Image: SFA
SFA CEO Kim Young-min Image: SFA

The CEO of production equipment maker SFA said on Tuesday that the acquisition of CMOS image sensor maker CIS will allow it to offer turn-key deals in the battery sector.

SFA CEO Kim Young-min said during its earnings call for 2022 that the company is planning to maximize its synergy with CIS going forward.

Kim said the two companies will combine their sales network to diversify their customer portfolio.

Last year, SFA recorded 1.68 trillion won in revenue and 160.9 billion won in operating income.

Operating profit declined by 15% from 2021 but SFA claimed that this was due to some of the profits being recognized late on the books.

But on the upside, its businesses outside of display panel, its main profit generator in the past, had accounted for 87% of its revenue.

The company expects more revenue growth from lithium-ion batteries, chips, and distribution sectors going forward.

As of the end of 2022, the company had 964.6 billion won in remaining orders, with 542.9 billion won coming from batteries.

Kim stressed that SFA handles assembly, formation, and inspection equipment, while CIS handles electrode equipment, so it can now offer turn-key solutions for customers.

Both companies also have various customers abroad, so they will expand their shares through cross-selling, the CEO added.

Meanwhile, subsidiary SFA Semiconductor recorded a 9.1% increase in revenue in 2022 from the prior year. The CEO said the Korean business will expand its wafer-level package production capacity while its Philippines business will react to the demand for DDR5.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트