Aekyung Chemical is surging in early trading on the 30th, extending gains from the previous transaction day. The rally appears fueled by news that the company has begun the first domestic production of TPC Mechatronics (Terephthaloyl Chloride), a key raw material for aramid fiber.
As of 9:59 a.m. that day on the Korea Exchange, Aekyung Chemical was trading at 13,600 won, up 2,200 won (19.30%) from the previous transaction day. In early trading it rose to 14,140 won, hitting a 1-year high.
On the 26th, Aekyung Chemical held a completion ceremony for its TPC Mechatronics mass-production facility at its Ulsan plant.
TPC Mechatronics is the key raw material for aramid, known as a "super fiber" for being lighter and stronger than steel and having flame retardancy. It is essential in high-strength, high-heat–resistant advanced industries such as firefighting turnout gear, aerospace, electric vehicle tire cords, and optical cables.
On news of the completion of the TPC Mechatronics mass-production facility, Aekyung Chemical closed at 11,400 won on the 27th, the next day, more than 22% higher than the previous transaction day.