Aekyung Chemical Plans to Sell Its Ningbo Subsidiary
Aekyung Chemical announced on March 19, 2026, that it will halt operations at its Chinese subsidiary, Aekyung (Ningbo) Chemical Co., Ltd., by August 31, 2026, and proceed with its sale. The buyer has not yet been disclosed.
The announcement shows that the subsidiary recorded sales of approximately KRW 137.7 billion in 2025, accounting for about 8.38% of Aekyung Chemical’s total sales. The company stated that after the sale, the consolidated sales scale will decrease, but as a result of divesting the loss-making unit, the overall operating loss is expected to shrink, which will help improve the financial structure.
The company further noted in the announcement that this sale is part of its efforts to enhance financial efficiency and competitiveness. Prior to halting operations, the subsidiary will maintain normal production and sales, and after the shutdown, it will proceed with the asset transfer process.
You May Interested In
β-Nicotinamide Adenine Dinucleotide High Quality NAD+ CAS 53-84-9 Exclusive Production Factory CAS NO.53-84-9
$75/UNIT FOB
2026-07-27
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Annual production of 15,000 tons! South Korea's largest daily chemical company invested 96.7 billion won to build the country's first TPC plant to accelerate the global market for aramid fiber
-
Aekyung Chemical Acquires LG Chem Subsidiary
-
Honeywell Acquires Johnson Matthey Catalyst Business at a Discount, Cutting £475 Million from the Price
-
EFSA Evaluates Extended Use of Pasteurised Akkermansia muciniphila as a Novel Food
-
Brazil Confirms 32 Methanol Poisoning Cases Linked to Contaminated Alcoholic Beverages
-
India Accuses Balaji Amines of Manufacturing Pharma-Grade Propylene Glycol Without Drug Manufacturing Licence
-
EU Officially Approves Rapeseed Oil as a Low-Risk Active Substance Until 2040
-
EFSA Unable to Confirm Safety of Fusarium flavolapis Fungal Protein as a Novel Food
-
Arkema Triples Transparent Polyamide Capacity in Singapore: a Bet on Virtual Reality Growth or a Move to Strengthen Supply Resilience?
-
EFSA Confirms Safety of β-Amylase Produced from Barley for Food Manufacturing Use
Recommend Reading
-
Venator Launches TMP- and TME-Free Titanium Dioxide
-
DKSH to Distribute Exsymol's Silanols, Peptides, and Natural Active Ingredients in South Korea
-
A White Storm Sweeps Through “Golden October”: China’s Titanium Dioxide Giants Join Forces in a Battle for SurvivalA White Storm Sweeps Through “Golden October”: China’s Titanium Dioxide Giants Join Forces in a Battle for Survival
-
J&J to Spin Off Orthopedics Business, Raises 2025 Forecast
-
Aspen Secures Approval to Market Lilly’s Mounjaro for Weight Loss in South Africa
-
Premium Global Chemical Sourcing Requests (2 - 6 Feb, 2026)
-
What is Element Stibium? (Antimony Facts & Uses)
-
Polyester Bottle Flakes in January Show Initial Weakness, Then Strengthen, Climbing to a Peak at Month’s End Before Reversing
-
On January 30, the price of pure benzene in China increased
-
Escalating Conflict Drives Up Risk Premium; Crude Oil Hits New High in Over a Month