SUPERTRUST Co., Ltd. has announced its acquisition of a stake in GIANT CHEMICAL Co., Ltd., a leading producer of magnesium silicate. GIANT CHEMICAL was recognized with a commendation from the Minister of SMEs and Startups during the 2024 “Regional Innovation Competition.”
GIANT CHEMICAL is the only company in Korea to successfully localize the production of magnesium silicate, a porous material widely used across industries such as manufacturing, environmental protection, food, and medicine. As a specialized materials company, it has established itself as a key player in this field.
Notably, the company produces and sells industrial-grade magnesium silicate, which is used to remove impurities from polyols and surfactants in various applications.
In addition, GIANT CHEMICAL participated as part of the economic delegation at the Korea-Uzbekistan Business Forum, held during President Yoon Suk Yeol’s state visit to three Central Asian countries. During the forum, the company signed a mutual cooperation agreement with the Tashkent Institute of Chemical Technology for joint research and development involving metal silicate. These efforts contributed to GIANT CHEMICAL receiving the “Top of $3 Million Export” award at Korea’s 61st Trade Day event in 2024.
Regarding the investment, SUPERTRUST Co., Ltd. stated, “We have acquired this stake to support the sustainable growth of GIANT CHEMICAL, which has gone beyond localizing magnesium silicate to successfully exporting it to international markets.”
Source: Blockchain Today (https://www.blockchaintoday.co.kr)
