Kolon Industries disclosed on the 11th that it recorded consolidated revenue of 1.2747 trillion won and an operating profit of 40.2 billion won for the third quarter of this year. These figures represent increases of 9.8% and 66%, respectively, compared to the same period last year. The company explained that strong sales of chemical products and expanded supply of transparent polyimide (CPI) films drove the improvement in performance despite external uncertainties such as a decline in exchange rates and rising raw material prices.
Specifically, in the chemicals division, both revenue and operating profit increased as CPI film supply volumes began to grow substantially. Major products, including petroleum resins, phenolic resins, and epoxy resins, also maintained stable sales trends.
In the industrial materials division, revenue also saw a slight increase compared to the same period last year. While aramid maintained a full-capacity operation mode by maximizing production capacity, tire cord sales to major customers also increased. In the fashion division, revenue rose as outdoor and menswear sales performed well despite the seasonal off-peak period. Operating profit also improved slightly through organizational operational efficiency, despite expanded investment in new brands.
Kolon Industries is focusing on improving profitability through a shift toward a business structure centered on high-value-added materials and operational efficiency. Amid intensifying cost competition for general-purpose products, expanding sales of differentiated materials is cited as a key task for performance improvement.
A Kolon Industries official stated, "Despite the expansion of external volatility, we achieved improved performance compared to the same period last year through fundamental improvements based on operational efficiency and portfolio restructuring centered on high-value-added products." The official added, "Going forward, we will secure medium- to long-term growth drivers by strengthening the competitiveness of core materials and expanding our customer base."
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