Armacell Jios Aerogels awarded in South Korea
• Best Foreign Investment in South Korea • Strong presence in the region with next generation aerogel technology
This annual event hosted by the Ministry of Industry, Trade and Energy, and the Foreign Company Association, acknowledges the importance of foreign direct investment into domestic companies and their contribution towards South Korea's economic development. Attended by 500 CEOs, executives of global companies and government representatives, a total of forty-six foreign companies received accolades at this year's event.
"South Korea's strong economy in addition to its manufacturing know-how and business mind-set makes it a natural choice for our operations. We are present in South Korea since 2012 and the joint venture formed with Jios in 2016 strengthened our existing position and today provides our global customers with access to next generation aerogel technology,"
"Thanks to our alliance, we are offering innovative product solutions. Aerogel is a unique material used to manufacture high-performance insulation blankets. Together, we revolutionised aerogel blanket manufacturing with an efficient two-step process that significantly reduces production time," concluded Stephen Kang, AJA's Managing Director and Chief Executive Officer.
As the inventors of flexible foam for equipment insulation and a leading provider of engineered foams, Armacell develops innovative and safe thermal, acoustic and mechanical solutions that create sustainable value for its customers. Armacell's products significantly contribute to global energy efficiency making a difference around the world every day. With 3,100 employees and 24 production plants in 16 countries, the company operates two main businesses, Advanced Insulation and Engineered Foams, and generated net sales of EUR 610 million and adjusted EBITDA of EUR 106 million in 2018. Armacell focuses on insulation materials for technical equipment, high-performance foams for high-tech and lightweight applications and next generation aerogel blanket technology.
For more information, please visit: http://www.armacell.com.
AJA is the result of a 2016 joint venture between Armacell and Jios Aerogel Ltd. in South Korea. The company manufactures and sells aerogel powder, aerogel blankets and aerogel coatings to its global customers. The main targeted industries are energy, marine and general industries.