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Duksung to Invest 10.7 Billion KRW in Indonesian Subsidiary for Facility Expansion

Process Industries · Textiles · yonhap_finance · 2026-09-09

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KOSPI-listed Duksung announced a 10.7 billion KRW capital injection into its Indonesian synthetic leather subsidiary to secure full ownership and boost production.

What Happened

Investment Details: Duksung, a KOSPI-listed company, has announced plans to acquire an additional 140,000 shares of its Indonesian synthetic leather manufacturing subsidiary, PT.DUKSUNG ECOTECH INDONESIA, for approximately 10.7 billion KRW. This transaction will result in Duksung owning 100% of the subsidiary's equity.

Strategic Objective: The primary purpose of this capital injection is to fund the expansion of synthetic leather manufacturing facilities. The company aims to strengthen its production capacity and operational efficiency through this investment.

Timeline: The acquisition of the shares is scheduled to be completed by March 31 of next year. This move is part of the company's broader strategy to enhance its manufacturing footprint in the region.

Company Context: Duksung specializes in the production and sale of synthetic leather products. This investment reflects the company's ongoing commitment to scaling its international operations and securing long-term growth.

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