Solus Advanced Materials announced on the 6th that last year's performance recorded sales of 571 billion won and an operating loss of 54.4 billion won. Compared to the previous year, sales increased by 33%, and the deficit size shrank from the previous 73.2 billion won. The sales amount set a new record.
Sales in the Chonbang institutional sector amounted to 248.3 billion won, a 61% increase compared to the same period last year. Despite sluggish conditions in the front-end industry, sales volume increased in North America and Europe.
Sales of copper foil used in AI accelerators, printed circuit boards (PCB), and semiconductor packages rose 20% to 196.3 billion won. A differentiated strategy focused on high-end products was effective.
Solus Advanced Materials stated that it focused on workforce operational efficiency and power cost management to reduce costs last year. In particular, it raised the operating rate of its Hungarian Chonbang factory to 80% and reduced fixed expenditure.
The company set a sales target of 700 billion won for this year. It plans to increase the supply volume to North America and secure performance primarily with high-end products.
Kwak Geun-man, CEO of Solus Advanced Materials, noted, "Differentiated technology and manufacturing and management capabilities have led to high trust from clients," adding, "We will expand the supply of high-value-added products to drive revenue improvement."