ARENCIBIA ESTABLISHES JOINT VENTURE WITH SK MATERIALS AIRPLUS TO EXPAND BULK GAS RECYCLING THROUGHOUT ASIA
QUAKERTOWN, Pa., Dec. 22, 2022 /PRNewswire/ -- On Friday, December 16, 2022, SK materials airplus CEO, Jong-jin Oh, and Arencibia CEO, Brent T. Frissora, joined hands at SK materials headquarters in Seoul, Korea to announce a joint venture focused on the construction and operation of bulk gas recycling systems for Asia's largest manufacturers in the silicon, semiconductor, aerospace, metals, and other critical supply chains.
- Arencibia will be responsible for the recovery process and design, while SK materials airplus will oversee operations and commercial functions, including sales and marketing.
- "Through close cooperation with Arencibia, we will lead the upcycling business in Korea and Asia and shape the net-zero trend."
- SK materials airplus is a leading air gas manufacturer and supplier in Korea.
- In 2018, SK materials acquired a 100% stake in the company, which was merged into SK Inc. in 2021.