All the News on Eco-friendly Energy Solutions: VINATech News

Vinatech Co., Ltd. Signs Partnership With 獨 MTU Aero Engines Co., Ltd. To Develop Hydrogen Fuel Cell Systems Vinatech Co., Ltd. Signs Partnership With 獨 MTU Aero Engines Co., Ltd. 社to Develop Hydrogen Fuel Cell System“"Looking forward to presenting global standards for aviation, MEA (membrane electrode assembly) of core hydrogen fuel cell components."”     MTU Aero Engines (hereinafter "MTU"), a leading company in the manufacturing of aircraft engines in Germany, confirmed on its website that it has selected Vinatech, a domestic hydrogen fuel cell material and parts company, as a partner for developing its own aviation system at the ILA Berlin exhibition held from June 4 to June 6. (Related link : http://spkl.io/60454fSQZ)   MTU is a global top-tier company in the aircraft engine sector that supplies engines to aircraft manufacturers around the world and has major aircraft manufacturers as customers.    In order to meet the global trend of decarbonization, carbon emissions in the transportation sector are very important, of which more than 700 million tons of carbon are emitted annually in the aviation sector, and preparations for decarbonization through eco-friendly energy conversion are necessary.   In addition, according to the International Civil Aviation Organization's "CORSIA" (ICAO), airlines that exceed carbon emission standards must purchase and offset emission permits, which are currently voluntary participation periods, but mandatory participation is required from 2027. As a result, all airlines and aircraft manufacturing companies have accelerated their clocks to reduce carbon emissions.   To meet this global trend, MTU has been promoting the FFC (Flying Fuel Cell) development project for aircraft, and will begin developing a 600KW aviation hydrogen fuel cell system by 2027.   Through this partnership, Vinatech Co., Ltd. is expected to solidify its leading position in the upcoming market by securing leading technology and customer references not only for existing buildings, vehicles, and ships but also for aircraft through the development of its MEA optimized for MTU's FFC project.   In particular, when looking at the demand in the aviation sector based on the roadmap of the FFC project, the demand expansion of MEA is expected to increase exponentially in the future, drawing attention in the future.   We will expand and optimize the boundaries of hydrogen fuel cell technology by developing optimized products tailored to the specificity of commercial aircraft through cooperation with Vinatech, said Barnaby Law, senior engineer at MTU's FFC project.  2024-06-10

Vinatech Acquires Susan Energy Sol, Capacitor Specialized Company..."Looking forward to Synergy" Vinatech, a company specializing in eco-friendly energy materials and parts, announced on the 26th that it has secured an 87.83% stake in Fisheries Energy, a manufacturing and selling company specializing in capacitors.   Hydroxane Energy Sol specializes in the development, production, and sale of hybrid capacitors and high-molecular polymer capacitors. Following Japan, it commercialized capacitors for the second time. The capacitor supports a high voltage of 100V or more and is applied as a necessity in various industries, including automobile fields, intelligent robots, communication equipment, imaging equipment, and other industries.   It is expected that the capacitors of Fisheries Energy Sol will be able to expand the market scope by supplementing the characteristics of the existing super capacitors operated by Vinatech. By expanding its product portfolio to hybrid and polymer capacitors as well as existing super capacitors, the goal is to enter the electric vehicle market, including hybrid cars.   In addition, both Vinatech and Fisheries Energy have production bases in Vietnam, which is expected to be efficient for all integration processes. In particular, technology, production, and target markets are similar, which is expected to create synergy in responding to technology and expanding markets.   The supercapacitor market is expected to grow steeply from 2022 to 2028, with an annual average of 14.1%. Demand is expected to increase steadily due to diversification of various industries and applications. Vinatech acquisition of Fisheries Energy Sol is seen as a move to further expand the global position of supercapacitors based on synergy between the two companies.   An official from Vinatech said, "By combining the core technologies owned by Vinatech, which holds the largest global market share for supercapacitors, and Fisheries Energy We will further solidify our position as a leading global capacitor company, he said. "We will work hard to expand new markets such as technology development and production facilities through synergy between the two companies."   Meanwhile, the name of Fisheries Energy Sol will be changed to 'VinaEnesol'. 2024-03-27

"Growth Confident"... Vinatech to Increase to Plant 4 CEO Sung Do-kyung said, "Adapting 'Super Cap' to Hybrid and Electric Vehicles""The second plant will be completed at the end of May, and shareholders will be invited to show it."  View of Vinatech Hydrogen Fuel Cell Plant 1 located in Wanju-gun, Jeollabuk-do  Construction of the second plant was busy on the site of a hydrogen fuel cell plant of KOSDAQ-listed Vinatech located in the Wanju Techno Valley General Industrial Complex in Wanju, Jeollabuk-do. When Vinatech second plant is completed in May, construction of the third plant will begin on a 2,000-pyeong site nearby. It has two floors and a total of 4,000 pyeong. In addition, the site for the fourth plant, which is expected to be completed in the next year, has already been secured. When all the factories are completed, the total site area is about 18,000 pyeong. "Hydrogen Fuel Cell to Lead to Performance" "The demand for adopting hydrogen fuel cells in eco-friendly cars is increasing faster than expected, especially in Europe," said Jeong Han-ki, president of Vinatech hydrogen fuel cell division, who met at the first hydrogen fuel cell building on the 26th. "The performance will increase significantly from this year."Vinatech produces 1.3 million membrane electrode conjugates (MEA) per month at its first plant alone, which is considered a key material for hydrogen fuel cells. In particular, the company is producing a durable carbon support, and the process has been kept secure enough to keep it private. "Our strength is that the support can be differentiated from other companies," Chung hinted.Inside Plant 1, Vinatech MEA, support, and supercapacitor were displayed. Products that were mainly produced in small size in the past were gradually being sold in sets or undergoing enlargement. It is expected that 1 million more MEA production units will be added. It is a strategy to gradually expand production lines by applying supplementary matters found in previous production processes.Plant 2, which will be built in the future, will also produce pouch-type supercapacitors. Plant 3 leads systematization through module production. Sales from 5 billion won to 6 billion won last year at its hydrogen fuel cell division are targeting 13 billion won this year, more than doubling. It is preemptively expanding facilities for mass production."We will continue to knock on the global market with our technological strengths," President Chung said. "If we enter China through a European company that is friendly to us, we expect our production volume to be 10 times higher than Hyundai Motor roadmap by 2030.""The future fight will depend on securing price competitiveness," he said, adding, "We are accelerating research and development of materials that can replace platinum because we believe that it is difficult to continue to survive at the current cost to be versatile in the existing reference."  Vinatech Plant 2 is being built.  CEO Sung Do-kyung said, "I will show it to shareholders directly." I moved to Vinatech Jeonju headquarters and met with Sung Do-kyung, CEO of Vinatech.CEO Sung still expressed confidence in growth despite last year somewhat sluggish performance. This is because the profits of the hydrogen fuel cell division have exceeded the break-even point (BEP) since this year and meaningful sales are in full swing."As the hydrogen fuel cell business has eliminated losses this year, it will surge in 2027 and grow significantly after 2030," he said. "While expanding its market share of MEA in Korea, love calls are continuing in Europe, which continues to invest in RE100."CEO Sung attention is on expanding the adaptability of super capacitors. Recently, attempts to increase practicality and safety by applying super capacitors to hybrid cars and electric commercial vehicles have begun in related industries."Super capacitors have a long replacement cycle and no fire risk," he said. "Electric vehicles such as Tesla are designed to prevent doors from opening in the event of a fire. This risk can be reduced if the auxiliary switch is made through super capacity."He added, "In addition, there is an advantage of increasing battery life and increasing mileage, so demand is also rapidly increasing in the U.S. outside of Europe."CEO Sung emphasized, "We will invite major shareholders to the completion ceremony of the second plant at the end of May so that they can see it in person."Since the groundbreaking ceremony for the second plant has not been held separately, we will start construction of the third plant in early June at the same time as the completion in May, he said. "At this time, we will invite shareholders from all over the country to check the background of our confidence."  Supercapacitor and Hydrogen Fuel Cell on Display inside Vinatech Plant 1  *Source : (https://www.fnnews.com/news/202402290741340440)   2024-02-29

[Corporate Exploration] Vinatech, a powerhouse in environmental and energy solutions, is confident in explosive growth Company specializing in supercapacitors and hydrogen fuel cells"Paving the foundation for growth this year... Full-fledged growth next year""This is a year to lay the groundwork for growth. Starting in the second half of next year, Vinatech could see explosive growth in 2026."  View of Vinatech headquarters in Jeonju.CEO Sung Do-kyung, who met at Vinatech headquarters in Unam-ro, Deokjin-gu, Jeonju-si, Jeollabuk-do, was confident in the company's growth. Vinatech was founded in 1999. After joining KONEX in 2013, it moved to KOSDAQ in 2020. It is a company that specializes in producing super capacitors, energy storage devices. Super capacitors are energy storage devices that store energy and instantly supply electric current when needed. At the same time, the company is expanding the hydrogen fuel cell sector as a new growth engine. On Wednesday, he visited Vinatech factory in Wanju, North Jeolla Province, located in Bongdong-eup, Wanju-gun, North Jeolla Province. The plant will have four factory buildings. The total size is 17,725 pyeong. Plant 1 is a hydrogen fuel cell building. It will produce membrane electrode assembly (MEA), which is considered one of the core elements of hydrogen batteries, as well as catalysts and supports. Plant 2 next door will produce medium and large pouch-type super capacitors and will be completed within the first half of this year. Construction of Plant 3 to build super capacitor modules will also begin within this year, while Plant 4 to build hydrogen fuel cell lines will be built before 2026. View of the first factory building of Vinatech Wanju factory located in Wanju-gun, Jeollabuk-do Province  It entered the first plant that produces hydrogen fuel cell products. There are two entrances here. The left produces MEA, and the right produces support and catalyst. It was not allowed to enter the place where the support was made. It was followed by the explanation that only a small number of designated people could enter even within the company. Currently, Plant 1 can produce a total of 1.3 million MEAs per month. It is 300,000 semi-automatic and 1 million automatic. In the future, facilities will be expanded according to the demand of the front industry. Some of the production facilities have been installed with screens. This is because it cannot be exposed because it has core processes and equipment. Regarding the growth of hydrogen fuel cells, Jeong Han-ki, president of Vinatech hydrogen fuel cell division, was confident. "We will be able to sell 50,000 copies this year and 250,000 copies next year," Jeong said. "We don't have to worry because MEA demand is certain." It was a different opinion from the recent concerns over a slowdown in the electric car market. "Electric cars are right for short distances, and hydrogen cars are right for long distances," he said. "Commercial cars have relatively constant routes, so there is less burden on charging stations and there is a clear demand in Europe." "Our products absorb demand like black holes because they have high performance and are attractive in terms of price," he added. Part of the MEA production line inside Plant 1 of Vinatech Wanju Plant. MEA is being produced automatically.  After visiting the Wanju plant, he returned to the headquarters and met with CEO Sung Do-kyung. Regarding last year's performance, CEO Sung explained that he failed to make proper preparations. Last year, Vinatech recorded sales of 55 billion won and operating profit of 3.3 billion won. Compared to the previous year, it fell 22.21 percent and 65.14 percent, respectively. The volume of orders for remote controllers decreased and R&D costs increased. "We had to make other preparations to meet the decline in demand, but we couldn't," CEO Sung said. "I was a little disappointed as the company's representative." However, it was expected to be different this year. Internally, the company expected it to surpass 2022 when it recorded 70 billion won in sales. First, it is expected that the existing supercapacitors will be revived and sales will come out of the new medium and large sizes. He explained, "There are a lot of new customers coming in for the existing small and medium-sized ones." In particular, there were expectations for the pouch type. CEO Sung predicted, "The number of samples for small and medium-sized supercapacitors including pouches is also continuing, and sales will be significant this year." In particular, it is expected that demand will increase in the future as it recognizes that super capacitors are highly effective. "There is a part where it is unstable to simply use batteries, but customers now recognize that using super capacitors together can reduce fires and increase lifespan," he said. "Demand will continue to increase as we expect more uses in the future." If you go inside the first plant of Vinatech Wanju plant, you can see the products produced by Vinatech. The left side is a super capacitor, and the right side is MEA and support.  The hydrogen fuel cell sector is expected to grow rapidly. Vinatech expects hydrogen fuel cells to hit a break-even point this year. Production is expected to double this year compared to last year. "The hydrogen fuel cell sector will generate significant sales this year," Vinatech said. "It will see explosive growth from the second half of next year." Vinatech is currently discussing MEA supply contracts with global companies. The final decision will be made in the second half of next year. "If we confirm the contract next year, the volume of MEA production will increase significantly from 2027," he said. "The number of samples is still increasing, but if confirmed, sales will explode." **Source : (https://www.asiae.co.kr/article/2024022716035997099)  2024-02-28

Vinatech signs MEA supply contract from French hydrogen fuel cell company   Vinatech announced on the 30th that it has signed a contract with a French hydrogen fuel cell system company to supply membrane electrode conjugates (MEA) worth 3.4 billion won to be applied to 160KW hydrogen fuel cell systems.The hydrogen fuel cell system developed by the contracted company has high output characteristics and has secured excellent product competitiveness by lightening volume and weight.By satisfying these required characteristics only, Vinatech proceeded with the sole supply of MEA. Based on this, the company expects to be actively applied to various applications such as buildings, ships, automobiles, and railroads."This contract will allow us to expand or market not only to automobiles but also to various applications," said Sung Do-kyung, CEO of Vinatec. "This supply contract will solidify the prospects for new projects that the two companies are currently discussing and strengthen their technological prowess and competitiveness in the global market."*Source : (https://www.etoday.co.kr/news/view/2326295) 2024-01-30

Vinatech "Expected record high annual sales" - SK SK Securities said on Monday that Vinatech will set a new annual sales record this year by diversifying and expanding its supercapacitor application areas. It did not provide target stock price or investment opinion.SK Securities predicted on the 24th that Vinatech will break its record high annual sales record this year due to the diversification and business expansion of supercapacitor application fields. Supercapacitor and secondary batteries play a similar role in storing and releasing energy. Supercapacitor are evaluated as essential factors in improving system stability due to their shorter charging and discharging time and higher durability compared to secondary batteries. Na Seung-doo, a researcher at SK Securities, said, "The initial public offering (IPO) of domestic competitors in December last year has greatly raised awareness of the supercapacitor sector," adding, "The environment has been created to escape the undervalued section from the standpoint of Vinatech, the No. 1 operator in related sales in Korea." Europe, which suffers from an energy crisis due to intensifying geopolitical risks, is moving to efficiently utilize an energy medium called hydrogen, he said. "Vinatech is identifying and targeting these market demands."  "Vinatech is receiving love calls from multinational companies by directly producing durable polymer electrolyte fuel cell (PEMFC) cells based on the carbon utilization technology and know-how accumulated in the supercapacitor business," he said. "In 2024, there are many factors that highlight the market, so we can break the record of highest annual sales by diversifying the application of supercapacitors and expanding the hydrogen business." *Source: (https://www.inews24.com/view/1679672)   2024-01-24