The integration effects of Global SeAH Group's paper subsidiaries are becoming evident.
According to the company on June 15, the cumulative sales of its paper subsidiaries reached 904 billion won in May, a 7% increase compared to the same period last year, while operating profit surged to 73 billion won, more than doubling.
This performance includes results from Taelim Paper and Taelim Packaging, acquired in 2020, as well as Jeonju Paper, purchased two years ago, along with its energy subsidiary Jeonju Won Power, Jeonju Power, and the logistics company Donglim Logistics.
The company attributed these results to innovations in production structure, personnel and technology exchanges, cost structure improvements, and the development of eco-friendly, high-value-added products.
Global SeAH Group plans to continue leveraging these integration effects, aiming for sales of 2.2 trillion to 2.3 trillion won and operating profit of 190 billion to 200 billion won in the paper sector this year. These figures represent increases of over 10% and 200%, respectively, compared to last year.
A company representative stated, "The improvement in the performance of our paper subsidiaries signifies a structural growth foundation established through synergy and innovation. We aim to further enhance this and increase our market share by boosting competitiveness."
* This article has been translated by AI.
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