SK IE Technology to embark on non-deal roadshow in Hog Kong, Singapore

SK IE Technology Co. (SKIET), a unit of South Korea’s energy and battery maker SK Innovation Co., said on Friday it is embarking on a non-deal roadshow in Hong Kong and Singapore for global investors.

The NDR, to be held on Nov. 8 through 12, is aimed at pitching SKIET’s technology, business strategies and investment plans before potential investors.

The company will request additional investments from existing investors such as the world’s largest asset manager BlackRock Inc. and Europe’s largest pension fund manager APG, industry watchers said.

Separately, SKIET will also hold a business explanation session with Korean institutional investors, including the National Pension Service and asset managers.

SKIET Chief Executive Rho Jae-sok will explain the company’s long-term business strategies during the meetings to raise the chance of attracting investments, it said.

SKIET was the first Korean company to develop lithium-ion battery separators (LiBS) in 2004, and the first in the world to develop the sequential stretching process technology in 2007.

The company, 61.2% owned by its parent SK Innovation, is the world’s top player in the high-quality tier-one separator market.

“The LiBS market in North America and Europe is expected to grow at an annual average rate of 30% in the coming years. So, it is a must for us to invest heavily in the North American region, in particular, given its growth potential and clients,” said the chief executive.

Write to Kyung-Min Kang at Kkm1026@hankyung.com
In-Soo Nam edited this article.