Key Mineral Supply Chain Enterprise Leap
Expanding Production Capacity and Process Advancement
Hanmin Ecotech, a company specializing in urban mining and information technology (IT) resource circulation, announced on the 7th that it has signed a representative contract for an initial public offering (IPO) with Shinhan Investment & Securities.
Starting with this representative contract, Hanmin Ecotech plans to focus on enhancing corporate value and enhancing management transparency. Investments to expand production capacity and build core mineral supply chains will also begin in earnest.
Hanmin Ecotech is a resource circulation company that has grown based on the collection, crushing, and recycling services of IT assets that require information security.
Recently, the urban mining business, which recovers precious metals and rare metals from waste electronic devices (E-Waste), waste PCB, and semiconductor process by-products, has been fostered as a key growth axis.
It is speeding up the establishment of a resource circulation value chain that ranges from recovery to refining and supplying raw materials. In particular, as the global supply chain reorganization and competition to secure key minerals intensifies, urban mines are attracting attention as a national strategic industry.
Hanmin Ecotech has the technology to recover and refine high value-added metals including palladium (Pd) and platinum (Pt) as well as precious metals such as gold, silver, and copper using circulating resources that have been stably recovered in Korea.
The company is fostering the third plant, which is being built in Yesan-gun, Chungcheongnam-do, as a key base for future growth. The third plant will introduce the latest electrolytic refining process and smart production system.
After completion, the company plans to further expand its capacity to refine precious metals and non-ferrous metals to strengthen its base for supplying key minerals in Korea.
Hanmin Ecotech is promoting the advancement of urban mining technology through the development of artificial intelligence (AI)-based smart recycling technology, process automation, participation in government R&D projects, and cooperation with the National Rare Metal Center.
The company plans to focus the funds secured through the listing on expanding the production facilities of the third plant, upgrading the electrolytic refining process, establishing AI-based smart factories, researching and developing core mineral recovery technologies, and entering overseas markets.
Through this, the strategy is to increase the proportion of high value-added metal recovery and strengthen competitiveness in overseas resource circulation markets beyond Korea.
“As resource security and supply chain stability are highlighted as key elements of national competitiveness worldwide, the role of the urban mining industry is also rapidly expanding,” said Kim Jae-chan, CEO of Hanmin Ecotech.
He stressed, “This contract with Shinhan Investment & Securities is an important starting point for Hanmin Ecotech to grow one step further.”
