Sama Aluminium Establishes New PMVV Framework

On July 3, 2024, Sama Aluminium announced the establishment of a new PMVV (Purpose, Mission, Vision, Core Value) framework to adapt to the rapidly changing internal and external business environment and to pursue sustainable growth. The PMVV system defines the company’s strategic direction and core values, outlining Sama Aluminium’s Purpose, Mission, Vision, and Core Values.   Purpose: Connecting the world through the power of materials Mission: Creating a better world together with our customers through innovative products and advanced material technologies Vision: To lead the future with material innovation Core Value: Fun, Responsibility, Expertise, Ambition, Collaboration, Communication   Based on this new PMVV framework, Sama Aluminium will continue to drive material innovation and work with customers to create a better future.

Sama Aluminium Announces New Facility Investment Including Cold Mill Line

In July 2023, Sama Aluminium announced a new facility investment plan, including the installation of a Cold Mill Line, to ensure stable raw material procurement and smooth operations for the production of aluminium foil used in lithium-ion batteries (LIBs). The total investment amounts to KRW 117 billion, and the funds will be sourced from the proceeds of the third-party allotment capital increase completed on January 27, 2023. The new facility will be installed on the site of Sama Aluminium’s current aluminium paste plant at the Poseung plant, after relocating the paste plant to an adjacent area. The operation of the new facility will be handled by an external partner with technical expertise, while Sama Aluminium will supply the raw materials under a collaborative model. Through this investment, Sama Aluminium aims to strengthen its competitiveness in the LIB aluminium foil market and establish a more stable and efficient production system.

Sama Aluminium Signs Long-Term Supply Agreement with LG Energy Solution

On January 30, 2023, Sama Aluminium signed a long-term supply agreement with LG Energy Solution Ltd., which had previously participated in Sama’s third-party allotment capital increase. The agreement spans eight years, from January 27, 2023, to December 31, 2030, and is valued at approximately KRW 695 billion. Under the agreement, Sama Aluminium will supply aluminium foil for lithium-ion battery (LIB) cathode current collectors, with delivery sites including LG Energy Solution’s facilities in Korea, North America, Europe, and other global locations. Through this agreement, Sama Aluminium has secured a stable foundation for the long-term supply of LIB aluminium foil, while LG Energy Solution strengthens its global supply chain reliability. With this new contract, following the KRW 215 billion long-term supply agreement signed with France-based ACC in 2022, Sama Aluminium has now secured a total of KRW 910 billion in long-term supply contracts through 2030.

Sama Aluminium Announces Capital Increase and Convertible Bond Issuance through Third-Party Allotment

Date: December 22, 2022 On December 22, 2022, at 10:00 a.m., the Board of Directors of Sama Aluminium resolved to proceed with a capital increase and the issuance of convertible bonds through a third-party allotment. The decision was made in response to the anticipated rise in demand for aluminium foil used as cathode current collectors in lithium-ion batteries (LIBs), driven by the global growth of the electric vehicle market. The capital raised will be used to fund related facility investments and to establish strategic partnerships. The third-party allotment will involve both strategic investors (SI) and financial investors (FI). Strategic investors include LG Energy Solution Ltd. (LGES) and Toyota Tsusho Corporation (TTC), while the financial investor is JKL ESG Future Mobility Value Chain Private Equity Fund (hereinafter referred to as JKL Partners).   <Details of the Capital Increase via Third-Party Allotment> 1. Type and Number of New Shares: 3,711,916 common shares (par value: KRW 500 per share) 2. Issue Price per Share: KRW 31,050 3. Total Issue Amount: KRW 115,254,991,800 4. Allocation Details:     LGES: 1,500,000 shares     TTC: 1,500,000 shares     JKL Partners: 711,916 shares    (All newly issued shares will be subject to a one-year lock-up period.) 5. Payment Date: January 27, 2023 6. Scheduled Listing Date: February 9, 2023   <Details of the Convertible Bond Issuance> 1. Name of Bonds: Sama Aluminium Co., Ltd. 1st Unsecured Private Convertible Bonds (Bearer Type) 2. Type: Unsecured, bearer-type, private convertible bonds 3. Total Issue Amount: KRW 10,000,000,000 4. Investor: JKL Partners 5. Payment Date: January 27, 2023 6. Maturity Date: January 31, 2028 7. Conversion Price and Number of Shares: KRW 34,712 / 288,084 shares 8. Conversion Period: January 27, 2024 – December 31, 2027

Sama Aluminium Establishes R&D Center to Drive Materials Innovation

On August 18, 2022, Sama Aluminium obtained official certification for the establishment of its R&D center, aiming to strengthen competitiveness and achieve continuous technological innovation amid a rapidly changing market environment. The Sama R&D Center conducts a wide range of pioneering research across the aluminium and packaging industries, including fundamental, applied, and advanced studies. In particular, the center is positioning Sama Aluminium as a future-oriented leader through materials innovation, while also addressing technical challenges and providing customized solutions to meet customer expectations. Sama Aluminium is committed to contributing to the resolution of societal challenges and achieving sustainable development through the efforts of its R&D center.

Sama Aluminum Signs Long-Term Supply Agreement Worth KRW 215 Billion with France's ACC

On May 13, 2022, Sama Aluminium signed a long-term supply agreement with Automotive Cells Company SE (ACC), a battery manufacturer based in France. The agreement will be in effect for nine years, from May 11, 2022, to December 31, 2030, and is valued at approximately KRW 215 billion. Under the terms of the contract, Sama Aluminium will supply aluminium foil used as cathode current collectors in lithium-ion batteries (LIBs), with France as the designated supply region. ACC, established in 2020, is a European battery manufacturer jointly founded by Saft (a subsidiary of TotalEnergies), Stellantis, and Mercedes-Benz.