S&SYS, a KOSDAQ-listed company, was strong in early trading on the 11th. Buying is seen gathering on news that it won an order for a power solution needed for a new multilayer ceramic capacitor (MLCC) plant in the Philippines.
As of 9:47 a.m., S&SYS was trading at 31,200 won, up 1,800 won (6.12%) from the previous session.
S&SYS, an integrated solutions company for shipbuilding, onshore, and offshore equipment, said before the market opened that it will supply onshore switchboards for an expansion project of a new MLCC plant in the Philippines being pursued by a major domestic semiconductor materials manufacturer.
The company said the order is a case of supplying power solutions for a project to expand global advanced electronic components production infrastructure.
A S&SYS official said, "As global MLCC projects and domestic semiconductor order volumes are rising steeply, preemptive infrastructure investment is essential," adding, "We plan to push for additional capacity (CAPA) expansion centered on key industrial complexes such as Yongin to proactively respond to rapidly changing global supply chain demand."