SK materials has renamed the company, and it is now doing business as SK Specialty to underscore its new material business.

 

SK materials is one of SK Group's subsidiaries, and it will be expanding its business portfolio from its current trade model that is focused on specialty gas for semiconductors and high value-added products or modified raw materials such as wet chemicals and secondary battery materials.

 

The materials unit of SK Group will expand business portfolio from its current business model centered around specialty gas for semiconductors and displays to high-value added products such as secondary battery materials and wet chemicals. It aims to boost revenue, which remained in the mid-600 billion won ($484 million) range last year to more than 1 trillion won by 2025.

 

The company revealed its new name last week, and with this small change, SK Specialty is hoping to achieve its goal not just in terms of profits but its aim to become a global environmentally-friendly gas and chemical technology firm. Moreover, the new name is said to contain the company's will to lead in the special gas trading sector as well as with its new chemical biz.

 

"Our new name reflects the company's long-term vision and aspiration to become a sustainable specialty gas and chemical company," said President, Kyu Won Lee, SK Specialty. "In order to not settle with our current status, we will become the company that our society and customer need."