OCI Co Ltd
KRX:010060
OCI Co Ltd
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.
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.
Revenue Growth: Consolidated revenue rose 9% quarter-over-quarter to KRW 845 billion, showing a recovery driven by improved sales at key subsidiaries.
Operating Loss Narrows: The company reported an operating loss of KRW 53 billion, but the loss was slightly reduced from the previous quarter.
Polysilicon Demand: OCI TerraSus saw revenue surge by 242% QoQ after plant restart, fueled by strong non-China polysilicon demand amid UFLPA enforcement.
Business Outlook: Management expects stable sales and improved operating profit next quarter, with confirmed orders and normalized costs at OCI TerraSus.
Solar & ESS Project Pipeline: OCI Energy secured new projects, ending Q3 with a 3.2 GW solar and 3.4 GW ESS pipeline, though no project sales are scheduled for Q4.
Strategic Investments: OCI is prioritizing investment in non-China wafer manufacturing and AI/data infrastructure, aiming for new businesses to account for over 30% of revenue and profit by 2030.
