From BigGo Finance · BigGo Finance · · 1m 10s
South Korea's JP Innovation to Quadruple Production Capacity
JP Innovation plans to quadruple production capacity by 2028 and retry IPO next year.
In brief
JP Innovation plans to quadruple production capacity by 2028 and retry IPO next year. South Korea's JP Innovation will quadruple production capacity to 200 billion won by 2028 and retry IPO next year. Originally reported by BigGo Finance.
Production capacity expansion
JP Innovation plans to build new production facilities in Yanggam, Hwaseong and Anseong by 2028.
Quadrupling production capacity
Annual production capacity will quadruple from 50 billion won to 200 billion won by 2028.
Revenue and profit growth
Last year revenue reached 56.3 billion won (approximately $42.2 million) with 6.168 billion won (approximately $4.6 million) operating profit.
Cosmetic ingredients focus
Cosmetic ingredients now account for over 60% of revenue with 34 billion won (approximately $25.5 million) order backlog.
IPO timeline
JP Innovation will restart IPO procedures in November targeting a listing next year.
EPC system implementation
Company has internalized engineering, procurement and construction (EPC) system for turnkey solutions.
Market expansion
Company is expanding into defense sector and nuclear power markets with ASME certifications.
The essence
South Korea's JP Innovation will quadruple production capacity to 200 billion won by 2028 and retry IPO next year.
