OCI Co Ltd
KRX:010060

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OCI Co Ltd Logo
OCI Co Ltd
KRX:010060
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Price: 101 700 KRW -0.1% Market Closed
Market Cap: 1.9T KRW

OCI Co Ltd
Investor Relations

OCI Co., Ltd. engages in the manufacturing and sales of chemical products. The company is headquartered in Seoul, Seoul. The firm operates its business through four segments. The Basic Chemical segment produces and sells products related to polysilicon, toluene diisocyanate (TDI), as well as hydrogen peroxide. The main products of it include materials for solar power industry, as well as chemical products for experimental analysis, among others. The materials for solar power industry include polysilicon and hydrogen peroxide, among others. The chemical products for experimental analysis include soda ashes, silica sands, and reagents, among others. The Carbon Chemical segment manufactures and sells products related to pitches, carbon black, benzene. The Energy Solution segment is involved in cogeneration and solar power generation. The Other segment is involved in the production and sale of insulators, real estate leasing, and the development of cities.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
Oct 26, 2023
AI Summary
Q3 2023

Revenue Growth: OCI Holdings reported consolidated revenue of KRW 690 billion for Q3, with a 15% increase from the previous quarter.

Operating Profit: Operating profit was KRW 131 billion, down 1% quarter-on-quarter.

Malaysia Subsidiary: Sales volume at the Malaysian polysilicon business grew 25% QoQ, but operating profit was flat due to increased costs from switching to non-Chinese materials and scheduled maintenance.

OCI Enterprise Weakness: OCI Enterprise saw a revenue drop and operating loss, mainly due to challenges in the U.S. residential wood market and an inventory impairment at Mission Solar Energy.

Corporate Structure: OCI Holdings progressed with its holding company transition, raising its stake in OCI Company to over 33% and planning to exceed 40% next year after in-kind contributions are approved.

Solar Market Trends: Polysilicon prices rebounded in Q3 after earlier declines, driven by supply constraints in China and increased demand for non-Chinese polysilicon.

Investment Plans: OCI Holdings plans to invest over KRW 1 trillion in Malaysian operations over the next five years, contingent on market conditions.

Key Financials
Consolidated Revenue
KRW 690 billion
Operating Profit
KRW 131 billion
OCI Malaysia Sales Volume
up 25% QoQ
OCI Malaysia Operating Rate
over 90%
OCI Malaysia Profit
around KRW 90 billion
OCI Company Stake
33.25%
In-kind Contribution Valuation
KRW 165 billion
Planned Malaysia Investment
over KRW 1 trillion in next 5 years
OCI Malaysia Cumulative EBITDA
KRW 1 trillion (first half of year)
Other Earnings Calls
2023

Management

Seok Seo Jin
President, CEO & Representative Director
No Bio Available
Mr. Jaeshin Kim
Chief Operating Officer and President of OCI SE
No Bio Available
Ms. Hyun Soo Kim
Senior Vice President of the Human Resources Department
No Bio Available
Hyung Jin Jung
Chief Operator of Production
No Bio Available
Mr. Hakji Kang
Senior Vice President of Solar Power Business
No Bio Available
Suk-Hwan Lee
Managing Director
No Bio Available

Contacts

Address
SEOUL
Seoul
94, Sogong-ro, Jung-gu
Contacts
+8227279500
www.oci.co.kr