Duksan Techopia Co., Ltd., established in March 2006, is a specialized materials company headquartered in Cheonan, South Korea. Under the leadership of CEO Suwan Lee, the company has grown to employ approximately 306 professionals and maintains a capital stock of 91.9 billion KRW as of 2022. The company focuses on developing and manufacturing advanced materials for various industries, including display technologies, semiconductors, and battery components. Their expertise spans across multiple product categories, from OLED intermediates to specialized additives for electric vehicle batteries.
Battery Technology
Duksan Techopia’s contribution to battery technology centers on their advanced electrolyte additives for rechargeable batteries. These specialized components enhance battery performance by improving durability, charging efficiency, and discharge capabilities while reducing unwanted emissions. The company has achieved mass production of these additives, supplying them to major Korean battery manufacturers.
Through their subsidiary, Duksan Electera America, the company has expanded its presence in the North American market with a manufacturing facility in Shelbyville, Tennessee. This facility produces electrolytes for battery makers throughout the southeastern United States. By the end of 2023, the company planned to increase its electrolyte production capacity to 2,300 tons annually, sufficient to support the production of approximately 100 GWh of batteries, equivalent to powering 1.6 million electric vehicles.
The company’s technical expertise extends to developing localized solutions for secondary battery materials, working closely with both domestic and international battery and electrolyte manufacturers to enhance product performance and reliability.
Recent Projects
In recent developments, Duksan Techopia has initiated a significant expansion of its electrolyte production capabilities. The company plans to establish a new North American plant aimed at achieving a capacity of 50,000 to 60,000 tons by late 2025. Despite challenges in the OLED division, their semiconductor segment has demonstrated strong performance, driven by increased capacity at customer facilities. The company’s next earnings report is scheduled for March 20, 2025.
Investors
Duksan Techopia’s ownership structure includes several significant stakeholders. Duksan Industrial Co., Ltd. holds the largest share at 38.24% (7,830,000 shares), valued at approximately 158 million KRW. CEO Soo-Wan Lee maintains an 8.482% stake (1,736,916 shares), worth about 35 million KRW. Additional shareholders include Ji-hye Lee (0.2603%), Hyung Cheol Kim (0.0562%), and Byung-Ki Kim (0.0545%).
Business Details
Location: Cheonan, South Korea
Website: https://dstp.co.kr
