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SK Innovation to merge with SK IE Technology, targeting ₩60B ($43.3M) annual cost cuts and EBITDA profitability within two years
SK Innovation expects its merger with loss-making battery separator unit SK IE Technology (SKIET) to cut annual costs by about 60 billion won ($43.3 million) and return the business to earnings before interest, taxes, depreciation and amortization (EBITDA) profitability within two years. The company plans to eliminate overlapping operations in marketing, production, and other functions after absorbing SKIET, executives said during an online briefing today.
Source：Korea Herald商业 · Source Link
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